Our house is on the market & we have a lot of traffic at our open houses-but no one is calling to view?

Author: admin  |  Category: Staging a House

Our agent says we are priced below our comps and that we get a lot of traffic on the internet and at open houses. Our house has been on the market for 38 days and we have has a total of 2 viewings apart from our open houses. Our house is nicely staged and it looks like a model home. What gives? What should we be asking of our agent? We basically have about $25,000 wiggle room in the price and we were hoping to use that as a "haggling" cushion. Should we shave the price now? Our house is a 1928 tudor in a neighborhood where comps are really difficult as no 2 properties are alike. Is it too early for me to freak out? Should I be concerned about lack of showings if we’re doing well with open houses and on the web as far as hits? Thanks in advance for any wisdom you can impart!
Also our next door neighbor is our agent and friend so it’s a lot more of a sensitive issue –so we can’t go all Rambo on our agent :)
Oooooo—good point, Angie! I didn’t really think about that. Do you think there’s a conflict of interest here?

How long is the contract with your realitor? Conflict of interest or not – it is is not selling, list it with someone else or try it on your own for say 30 days.

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Offer seller concessions of up to 6 percent of the closing costs may help. Offer to pay the appriasal. Print up flyers to hospitals, factories, businesses, grocery stores, with the picture of your home. Listing price, selling price, give up some equity in the home if need be. Good Luck to you. (ok)

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3 Responses to “Our house is on the market & we have a lot of traffic at our open houses-but no one is calling to view?”

  1. Angie Says:

    Anything will sell, if it’s priced right. My guess is that the public is looking at your house as being overpriced. Otherwise you’d have more than 2 people coming through. Have a talk with your agent about the price. Set a time frame for when the price needs to drop, i.e. if there are no serious buyers in two more weeks, the price goes down. Remember, if he’s your neighbor, his house value is dependent on your house’s value, so I can see where he may hesitate to let you go too low.
    References :

  2. godged Says:

    It’s too soon to panic, there is no need to go Rambo and there is no conflict of interest.

    People are taking their times because they can, there is alot of inventory in most areas. DOM are high right now. Ask your agent anout DOM for your area to see what you can expect. It is a buyer’s market, so be prepared for haggling.
    References :

  3. W. E Says:

    How long is the contract with your realitor? Conflict of interest or not – it is is not selling, list it with someone else or try it on your own for say 30 days.

    Offer seller concessions of up to 6 percent of the closing costs may help. Offer to pay the appriasal. Print up flyers to hospitals, factories, businesses, grocery stores, with the picture of your home. Listing price, selling price, give up some equity in the home if need be. Good Luck to you. (ok)
    References :
    Wanda Ellis, Branch manager
    AmeriMortgage Financial Group