Number of Showings in first 2 weeks to month?

Asked by Kathy, Austin, TX Sat Feb 9, 2008

What should I expect to see in terms of the number of showngs in the first two weeks to one month N Austin, Round Rock area? I have heard that is when we should see most interest - is that true? (assuming its reasonably priced) or do current market factors make even reasonably priced homes less active? at what point should I be concerned? 1 showing in two weeks? 5? 2 showings in one month? Thanks!

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13
Julie Nelson, Agent, Austin, TX
Sat Feb 9, 2008
All solid advice so far. Here is a real life Ausitn example for a house I just listed in Wells Branch / Pflugerville ... small house, very cute & trendy (that's a big factor) and priced right at where a few others had sold past 60 days at $125,900 ... just listed Thursday, 1 offer Friday, 3 offers Saturday ... total about 7 showings first 2 days. This does not always happen but it was the cutest offering and priced right.

For Round Rock / N Austin ... it is going to depend on the inventory in your neighborhood at your price and how you compare to the competition and how much competition is out there. Your Realtor should have already done a thorough analysis of this (how many on the market vs. how many are selling per month etc) so that both of you are clear on whether you have a waiting game on your hands vs. price & condition putting you in a very competitive position. I always tell my sellers, if you want to compete you must be competitive and, in this case, know thy competition.
2 votes
Carol Pease,…, Agent, Austin, TX
Fri Jun 27, 2008
You haven't provided enough information to give you an answer. What price range are you in? Please describe your home? How old is it? If it is newer is the builder still building in your subdivision? Generally speaking if you have 10 showings and no offers you are overpriced for the market. Reasonably priced homes sell quicker not slower. You should be concerned about the number of showings and discussing this with your agent.
Web Reference:  http://www.LeanderHomes.com
1 vote
Roy DuBose, , Austin, TX
Mon Feb 18, 2008
if no one's seeing the house, the price is wrong -- if folks are looking and not offering, there is something in the condition of the property that's a negative -- north austin round rock are very active areas but the inventory is high and chunk full of lender owned property -- after 10 days, you should sit down (face to face) with the listing agent and review plan/results -- you should also have your payoff from your mortgage company in hand and your agent should show you a projected net sheet -- don't let it go past the average days on market without making an aggressive price move to current cost/sqft or below (if you can afford it)
Web Reference:  http://roydubose.com
1 vote
Barbara Mcma…, , Seattle, WA
Sat Feb 9, 2008
I would agree with Keith. However, you should get the most activity when the home first comes on the market, as you mentioned. If you are not getting showing activity, I would speak with your Realtor to ascertain what could ge going on - price, condition of the home, location, general market conditions, inventory, etc. With market conditions being what they are across the country, I would be pro active so tht your home does not become "stale" to the public.
Web Reference:  http://www.barbara-mahon.com
1 vote
Betina Forem…, Agent, Austin, TX
Wed Aug 6, 2008
There are several factors to consider.
Are there still builders constructing new homes in your neighborhood? If so you will have to price your home more aggressively to compete with the incentives they will offer potential buyers.

Are there a lot of existing homes for sale in your neighborhood? Are they priced similarly to your home? Are those Sellers offering a Realtor Bonus or Buyers incentive like a free home warranty?Are those listing agents holding open houses?

Most importantly is your home priced right? We all get emotional about our homes, because home is a very personal place. You have to look at your home as an outsider, what would you pay for this pile of bricks and mortar?!?

Is there a defect with your home or homes location? Walmart looming over your backyard, or a home daycare or goat farm next door?

The thing to remember is the 'right' price will overcome any perceived defect. If you price it right they will come, and most important someone will buy it! Hang in there and good luck. Call me if I can be of further assistance.
Sincerely,
Betina
Web Reference:  http://www.BetinaForeman.com
0 votes
Tim Moncrief, , Austin, TX
Fri Jun 20, 2008
Obviously that depends on price range, but if you are under $400k and are not getting 2 a week, something is wrong....either maketing or price....and it does not matter what market we are in. 20 showings you should see an offer or something is wrong. i.e. 10 weeks is a good figure to budget for an offer........
Web Reference:  http://www.TopKWGroup.com
0 votes
Crickie, Home Buyer, Lakeway, TX
Tue Feb 12, 2008
ZERO.. In case you have been on the moon the housing market is crashing... Housing inventory is going way UP as the banks/lenders go BK there are no more loans for those who have no biz buying a house...
0 votes
Perry Hender…, Agent, Austin, TX
Tue Feb 12, 2008
This depends... It depends on the following:
1. How much lead evelopment is being performed by the realtor. BTW- always ask to see the plan
2. Is the place different from anything else out there.

You can change one of these. The realtor can always prosspect more but the house better be priced well or have something that is just cuter than most to get attention. Lower priced properties don't always sell faster than more expensive ones either...
0 votes
Linda, , Berwyn, PA
Sun Feb 10, 2008
You generally do see the most activity within the first 30 days. Consider that most buyers start their home search online and will not even bother looking at a property in person if they do not like what they see on the web. Make sure your house looks its best and the MLS photos/video tour reflect that. Don't underestimate curb appeal as well. You will not get a potential buyer in the door if they don't like the home's appearance from the driveby.
0 votes
J R, , New York, NY
Sat Feb 9, 2008
This is what happens. Say there are 40 buyers in the market for a house in your area. As soon as your house comes on the market the agents who have buyers looking for a house like yours bring them. So over the first few weeks, you get a lot of showings, then after that, all you are going to get are the new buyers who are just beginning to shop for a house. It's very important to price your house correctly during that period because these first buyers have been looking a while, so they know what a house that costs $XXX,XXX looks like. Therefore, if you are hoping to get $50,000 or so more than all the other houses that are like yours, the buyer's first question to their agent is going to be "why is this house more expensive? That house we saw on Main St had a lot more upgrades!".
0 votes
Keith Sorem, Agent, Glendale, CA
Sat Feb 9, 2008
Kathy
Every market is different.
Based on the marketing exposure my team provides we expect 10-12 showings or 2 offers during the first 2-3 weekds of market time.
Homes that sell within the first 30 days sell closest to list price, so proper pricing, preparation, and marketing are key. Also, I collect feedback on all showings and share with the sellers on a weekly basis.
Web Reference:  http://www.glencrestteam.com
0 votes
Glenn Still, Agent, Arlington, TX
Sat Feb 9, 2008
The actual number of showings can not be predicted at all. So much can affect them.

But you are right that the first two weeks or a month should see more activity than later on. If you think about it as if you are the homebuyer.....When you first go out looking, your agent might show you every single house that meets your criteria within the first three or four times yall go out. If you don't find any houses that meet your needs then what you do is wait for any new listing that might meet your needs and quickly go see it. This means that within the first two weeks your house is listed you will get all these "old" buyers that are highly motivated plus you will get the new buyers. Later on you will only get the new buyers, so that naturaly means that your biggest number of lookers would be within that very first period.

I would suggest you have you home looking great before you let even the first buyer come thru and have your home priced right. You don't have to leave room to negotiate- you can just say no to low offers. If yours is the best house for the money, yours will the first house to sell.
0 votes
Bruce Lynn, Agent, Coppell, TX
Sat Feb 9, 2008
Set your best price in the beginning. You typically get the most showings in the first 30 days. That's when you want it to sell. If you go for the gold in the beginning thinking you will drop the price later if it doesn't sell, most of those people will never come back. I normally like to see 1 showing a day and 2-3 each day on Saturday or Sunday. If it is showing that much it will normally sell, if not then we typically see we're looking for the needle in the haystack or we're in it for the long haul. If the home is only showing 2x/month I don't think this is enough normally....you probably need to price more agressively. That's assuming you're in the median price range in your area. If you have a $5 or $10 million home it will show less as there are fewer buyers.
Web Reference:  http://www.teamlynn.com
0 votes
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