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8 Comments on MY HOUSE IS NOT SELLING - NO ONE IS LOOKING AT IT - WHAT CAN I DO?
Good advise. My first thought was for the seller to ask themselves if they listed the house at what their listing agent told them it was worth or if they listed it too high. It isn't always a new broker price opinion.
This market is a challenge for sellers. I am seeing that super competitive pricing is still not bringing buyers in...patience is the answer!
Seller needs to know to price their home 5 to 10 % below the market for comparables.....and that may not work but at least it should cut down on the number of marketing days and get SOME showings..
Lisa unfortanately sellers are not listing at what the initial bpo is comong in at because they cant, because they owe too much or they remember what their neighbors house sold for and theirs is so much better it should be worth more. Alot of my new listing appointments are sellers who had their houses on the market all summer. The market has changed since then and i want to complete my onw BPO to know what that house is worth in todays market, i can nottake their word or their former agents word, that didnt work so well for them the last 6 months.
Holly i think one of the biggest problems is teh banks have not yet begun to loan money to those buyers that are willing to buy that would have been easily approved a year or so ago but now are being shut out. Once the banks start to loan money, we can get this market moving again
Dennis price is a huge factor. If the hous eis need of any work or repairs, then that discount should be that much greater than a house in good repair needing nothing
Pricing, upgrading, declutter, new/better marketing, etc. are all factors that need to be considered. If it's not showing at all it's usually (IMO) because of price and/or location.
BPO's are not worth the paper it is written on if the ones doing this service are from out of the area. Numerous REO's are so overpriced because of this, and then the houses just sit and become more stigmatized. The Lenders need to hire local agents to do these, as the price can be much more justified and not puffed.