A Question for You Realtors Out There

Updated on September 06, 2008
J.C. asks from Lafayette, IN
4 answers

We currently have our house listed in Highland Village for just under $300K. We have had approximately one showing a week since it's been listed. I'm curious to know if the market is really this slow or do I need to be concerned with our realtor? During the MLS tour, we received nothing but positive feedback, so I'm wondering what is up. Thanks!

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J.G.

answers from Dallas on

I'm not sure how long it has been listed, but yes the market slows down a bit when school starts. Parents are getting their kids ready to get back to school and then once school starts trying to get in a routine with the extracurricular activities. The market should pick up by the middle to end of September. Your agent can run a report via CSS that shows how often other homes in your area and your price range are showing so that you can compare your home to the market average. Hope this helps!

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C.F.

answers from Dallas on

You may want to get an updated market analysis and see if prices have gone up or down since you listed. Also make sure your home is always in "model home" condition and ready to show. It is a lot of work but will return you much more than your effort's worth. Also I believe a virtual tour is a MUST along with at least 10 great photos. Many buyers use pictures to narrow down the houses they want to look at. Make sure your pictures and tour put your home on the "must see" list. As a general rule I like an average of 2 showings a week minimum. In some neighborhoods where things are still going quick I like a little more and there are occasionally neighborhoods where I expect less (not many). If you are not getting many showings the reason is most likely price or presentation of your home. Your home needs to look great (or be majorly discounted). Do not assume buyers can look past things. There is a lot of competition and your home need to be the shining star that sticks out in their mind not the maybe we could make it work house. Also with many showings it may still take a little while to sell because buyers are taking their time and shopping around so it may take a little longer than you would like. Your market analysis should give you a good idea of average days on market and price in your subdivision.

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L.B.

answers from Dallas on

Hi J. -

I am a realtor and live in Highland Village. I'm not sure how long your home has been listed, but the past couple of weeks we have had school starting and Labor Day, which could affect showings.

If you aren't getting showings, ask your Realtor what other creative marketing he can do to get people inside the home, ie. Open House, Realtor tours, etc.

Sometimes we will do an Open House and get 15 people, and struggle for showings. Open Houses in general do not sell "your" house, however it's the traffic that is needed.

Other things to take into consideration, do you have a virtual tour? PHOTOS, PHOTOS, PHOTOS!!! people are looking to see your home, and if they don't have much to see, they move on. Also, where are you being advertised?

Then lastly, once ou start getting people in the home... you have 3 reasons it won't sell, Price, Condition & location. Obviously location isn't something you can control, but simple staging can make a huge difference, and you have to be priced competitively.

Hope this helps!!! L.:)

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J.J.

answers from Dallas on

I am not a realtor, but recently sold our home for a similar price point. In fact Leigh B, who just responded to you, was our realtor. We had awesome attendance at open houses and tons of positive feedback, but very few showings. Yes, the market is super slow. The good news is that we did end up getting more than our asking price. It took staging and lots of patience. I know how hard it is keeping your home in tip top shape. Just don't lose heart. Someone will fall in love with your home. Good luck.

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