Home Buying in Billings>Question Details

hales, Home Seller in Billings, MT

Is the market slowing down or am I over priced??

Asked by hales, Billings, MT Fri Sep 21, 2012

Listed on labor day weekend had 6 showings. The one second showing real interested now nothing for 12 days.....

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Billings is a seasonal market and the Fall timing has slowed the market a little. Many of the home buyers that were relocating to Billings did so before school started so that their children could start school at the beginning of the school year.

However, there are several other factors that affect home sales and as you may be aware price is only one. There is location and condition. All of these need to fit together in a "pretty little box" to attract buyers and that is usually done by working with your Realtor to determine the best way to price and present your property so that it competes well with the other homes in the area.

After you have determined the best way to present your home, with all of these key factors addressed, the marketing of your property to have it stand out from competing homes in the area is essential. You will want your home to be visible to prospective buyers (and, in many cases, their Realtors) everywhere!

Good luck and I do hope that you will find this information helpful to you in selling your home. It really hasn't been on the market that long and you still have plenty of time to make any adjustments to the "key factors" to bring your home to the front of the competition in the Billings area. Sit down with your Realtor and make a new plan, if necessary. It will happen!!
0 votes Thank Flag Link Wed Sep 26, 2012
What feedback did you receive from the six showings?
0 votes Thank Flag Link Mon Sep 24, 2012
another week end no lock box openings... no other house in our range our area has sold though??? Just wanting to expidite the process hard on little kids with the house so showroom ready all the time.
0 votes Thank Flag Link Mon Sep 24, 2012
Billings is a seasonal market and the Fall timing has slowed the market a little. Many of the home buyers that were relocating to Billings did so before school started so that their children could start school at the beginning of the school year.

However, there are several other factors that affect home sales and as you may be aware price is only one. There is location and condition. All of these need to fit together in a "pretty little box" to attract buyers and that is usually done by working with your Realtor to determine the best way to price and present your property so that it competes well with the other homes in the area.

After you have determined the best way to present your home, with all of these key factors addressed, the marketing of your property to have it stand out from competing homes in the area is essential. You will want your home to be visible to prospective buyers (and, in many cases, their Realtors) everywhere!

Good luck and I do hope that you will find this information helpful to you in selling your home. It really hasn't been on the market that long and you still have plenty of time to make any adjustments to the "key factors" to bring your home to the front of the competition in the Billings area. Sit down with your Realtor and make a new plan, if necessary. It will happen!!
Flag Wed Sep 26, 2012
Price is a major factor when selling your home but so is condition and location. This is a hard question to answer without more information. Is your property listed or are you trying to sell the property on your own? Another major factor is marketing, is your property being properly advertised? Also, is it easy to view the property, or do you require a 24 hour apt? If it is listed do you know how many of the people who viewed your property bought other homes? Are you getting feedback from the people who viewed the property? Do you know about your competition (active properties similar to yours)? Did the competion sell before yours? So many factors to selling a home, if your not listed I would suggest finding an agent, who will be able answer these questions. I hope this was helpful! Good Luck!
0 votes Thank Flag Link Fri Sep 21, 2012
In my opinion, the market is not slowing down much.

Your home may not be overpriced, but it may not be priced right for your situation. Price is the one piece of the puzzle that trumps even location. If you want to sell fast, then you need the fast sale price. If you want to wait out for the top dollar, it will probably take longer.

Obviously, this is just my opinion in general, and I can't give you a solid factual based answer without knowing anything about your situation. :)

I would say that if you want to sell your home in the first thirty days, yet it is not selling in that timeframe, the price is probably too high.

There are other things you can do to help your home show better if you don't want to lower the price.

Also, make sure your agent gathers feedback from the showing agents for you. This will pinpoint problems that you could address.

If there is a very interested party, you can always make them an offer. It's not the norm, but it is still doable. If they are serious buyers it might be the nudge they need to make the decision.
0 votes Thank Flag Link Fri Sep 21, 2012
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