Sellhouse, Home Seller in 19382

On market over 3 months in Boro, 40 showings, no offers, home priced comparibly and fully upgraded. What can we do to sell other than lower price?

Asked by Sellhouse, 19382 Mon Sep 6, 2010

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18
Bela Vora, Agent, Exton, PA
Wed Sep 8, 2010
Just a thought - I know there are some areas where the boro rules do not allow renting to students. Can the new owners get a student rental permit for your property? I would confirm and use that in my advertising to attract investors.

Ask your agent to get feedback from every visitor. Your answer lies right there.

Good luck
Bela Vora
1 vote
Susan Britto…, Agent, Wayne, PA
Wed Dec 5, 2012
I tend to agree with Ron, however I would also want to see what the upgrades and updates are really like. It may be a matter for review, if your selling price is in line with the neighborhood. Taste is something that may need up grading.... it may be re coloring, or editing. But do take it seriously. With that many showings, there is something amiss.
0 votes
Ron Thomas, Agent, Fresno, CA
Fri Nov 9, 2012
If you've had 40! showings,
and NO offers,
you may protest until you are blue in the face,
but your LISTING PRICE is too high.
Have your Realtor do a new CMA.
0 votes
Jeffrey Nixon, Agent, West Chester, PA
Fri Nov 9, 2012
First, WC Boro will not let you obtain a student rental permit to make it more attractive to a prospective investor. Either you have one or you don't, and if you are using it as a primary residence for over a year, it is now considered a residence, even if you once did have a student permit ..
The fact that you've had 40 showings indicates that it is well marketed and has good online appeal. If your agent uses eshowings or the like, they should be able to provide you with a full feedback history. ask for the unfiltered version.
Looks from the date that you were on the market in the thick of summer, which isn't always the best time of year.
Double check all the loose ends, objectionable items, and make sure you are staged to sell. Is there a pet odor or cigarette odor? Sometimes agents aren't comfortable leaving that type of feedback, and that can be a big turn off to prospective buyers.
0 votes
Maureen Thel…, Agent, Phoenix, AZ
Wed Nov 17, 2010
40 showings and no offers is frustrating for the agent and the seller. How does this home compare to others that have recently sold in regard to Price, Condition, and Location? Have you requested and received feedback from the agents who have shown it? Ask them to be brutally honest and then adjust your price for the positive and negative features in this home compared to those that have sold If there is somthing you or the seller can do to improve the condition of the home quickly and inexpensively, consider doing so. Also play up things that drew your seller in to buy this home in the first place - that may give you ideas for an additional type of buyer to target. Good luck and I hope you get offers soon!
Web Reference:  http://urbanpremises.com
0 votes
Erica Ramus,…, Agent, Pottsville, PA
Wed Nov 17, 2010
Wow. 40 showings is A LOT to have with zero offers. I know you don't want to lower the price, but the market speaks for itself. 40 showings with no offers leads me to believe you must lower your price to get this sold. What does your agent say?
0 votes
Tara Rucci, , 19382
Tue Nov 16, 2010
It will probably be in your best interest to have your agent run the comps in your area again to find out exactly what has recently sold at what price. Ask your agent about their marketing, what specifically has been done since your home has listed to get it out there. You could consult a home stager for insight on how your home shows, request feedback from the agents who have shown your home and possibly have the listing agent host another broker's open house.
0 votes
D. Derderian, Agent, West Chester, PA
Sun Sep 12, 2010
Out of the 40 showings that your home has had, pick 1 or 2 of the buyers that had interest and have your agent write a reverse offer back to those buyers. Granted your agent should know what that is and is willing to do that. Just my 2 cents in the matter.
0 votes
Maureen Robi…, Agent, West Chester, PA
Wed Sep 8, 2010
That is great showing activity , but with that much activity , I am sure you are frustrated without any offers. Without knowing the property, it could be a variety of factors. Please look at the feedback with your Realtor on all of the showings, it could be that it needs to be staged, the price could be too high for the location and the condition. There may be some type of objection that buyers have that you could change.
Thanks,
Maureen Robinson
Keller Williams Real Estate
Direct 484 883 6248
0 votes
Maureen Fran…, Agent, Birmingham, MI
Mon Sep 6, 2010
What kind of feedback are you getting? Are other homes in the price range selling? Are there common objections from potentional purchasers that you can address?

Have a talk with your agent. They should have suggestions about how to help the market respond better. Maybe they will suggest a home stager or some other enhancements that will help you to get the job done.
0 votes
Enrique Del…, Agent, Modesto, CA
Mon Sep 6, 2010
A good idea would be to tour your competition and pay attention to what features they have that makes them more appealing. Upgrades can seem very appealing but remember to make your home fit everyone else. Try neutralizing colors or staging. Good luck!
0 votes
Nick & Trudy…, Agent, Devon, PA
Mon Sep 6, 2010
You have asked three different questions which are basically the same. Do you know what is different about the houses that have sold in the last three months too yours.? If similar houses are selling in the same price range what is it about these that makes them more attractive to your house. What are prices doing in West Chester boro? Do you know? Are they going down, are they going up?

You are getting showings which implies that your home isattractive from the marketing, however, it is not converting buyers when they visit? Why not?

Are you doing your part, keepng the house, clean, tidy and ready for showings? How is the curb appeal of your home? What about the other houses around yours? Is it the location? There are so many elements that make a home sell and in this particular market depending on the price range it can take a while for a home to sell.
Web Reference:  http://www.VadekarTeam.com
0 votes
Ed Tedeschi, Agent, West Chester, PA
Mon Sep 6, 2010
you are very fortunate to have had 40 showings. Your Realtor can show you the statistics for comparable homes in your area, using not only comparables indicating price but comparable using "days on market". You should look at that and if your home is priced "right" then you can only go on the feedback that buyers and their agents are giving your listing agent. This feedback is important especially when it indicates things that a seller can do to help their home become more marketable.

Ed Tedeschi
Weichert Realtors West Chester
Cell: 484-354-0453
0 votes
Jennifer Day…, Agent, Phoenixville, PA
Mon Sep 6, 2010
Good Evening Again,

Keep in mind that it is not unusual in this type of market to be for sale for a few months. 3 months really is not a lot of time especially due to the fact that August tends to be a very slow month in Real Estate. September will definately pick up. However the fact that you had over 40 showings on your property in this market is phenomial but also suggest a price adjustment needs to take place.

A good idea would be to have your Realtor send you or visit you with the most recent comparables. Look at the homes that have sold in the past 3 months as these are what the appraiser will utilize when appraising your home. I would also look at your current competition and arrange for your Realtor to take you through these homes. Look at see what it is that may make them "different" from yours. You may get good ideas of what to do from that type of a tour.

Jennifer Daywalt, Realtor
Re/Max Results Realty
610-999-7693 Direct 610-489-7355 Main Number
0 votes
Jill Callahan, Agent, Media, PA
Mon Sep 6, 2010
Hi,

Well the good news if that your home got 40 showings! That's great! But if there are no offers on your home these buyers are going elsewhere to purchase a home. Is your home priced correctly? What has been currently sold (in the last two months) in the boro? Have your agent do a search of what is pending and settled in the boro to find out if your house is priced higher than what the market is bearing!

I hope this is helpful!

Jill Callahan
Coldwell Banker Preferred
Exton and Wilmington, DE
0 votes
Jeanne Feeni…, Agent, Basking Ridge, NJ
Mon Sep 6, 2010
40 showing is strong activity - but 40 showings with no offers suggests a pricing problem. If you were not getting showings I would also say your main issue is price BUT it may also be exposure. But you are getting attention but no bites - sorry to give you the answer you asked not to hear -- but I'm afraid the answer is price.

Your upgrades and staging will increase the likelihood and lessen the time it takes to sell, but nothing - nothing will cure a pricing problem.

Of course talk with your agent about enhancing everything - photo count and quality, listing presentation on the online sites, conduct Open Houses, do another Broker Open (this would be most effective if you have something new to say - like a staging - or price repositioning...). It is wise to continually look for ways to freshen up the listing and increase exposure, but I'm afraid that if your agent is doing it all, price is the only solution.

Good luck to you,
Jeanne Feenick
Unwavering Commitment to Service
Web Reference:  http://www.feenick.com
0 votes
Tom Kerrigan, Agent, West Chester, PA
Mon Sep 6, 2010
40 showings with no offers tells you the price is too high.
Web Reference:  http://Tomkerrigan.com
0 votes
Jayne Vaughan, Agent, Clarks Summit, PA
Mon Sep 6, 2010
Sellhouse


Suggestions I would have is to ask the agent to do comps again for the recent solds of your house to be sure your price is right. That way you can be sure of the current trends before you lower a price.

What has the feedback been? Have other agents given your agent any? Ask this question.

Ask the agent what they think.

Good Luck

Jayne Vaughan
0 votes
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