What does it mean if Showings JUST STOP?

By
Real Estate Agent with Godzyk Real Estate Services NH License 033394
http://actvra.in/56Bw

Monday morning angry phone calls make for the best blogs. A home owner, listed with another company, called to yell at me that "All showings on their home have stopped? and WHY? You may be asking why she is calling me? I interviewed for the listing but she gave it to a franchise office who said it was worth way more than market value.

 

She was asking this question over and over, why? why? why? and with a sigh.... my simple answer was her home is over priced. Again she asked why? and I reminded her she called to tell me she listed with a franchise as they told her that the house was worth more. That i told her what the market was like. I told her exactly what her house was worth, but she had dollar signs in her eyes. 

 

We are seeing a change in the market. We see some homes sell in days. We see some take weeks and others that have not sold yet. The amount of homes for sale is rising slowly and the amount of buyers has slowed slightly. Home Owners whose homes are on the market, can be wondering why they have not sold yet. Why they are not getting a lot of showings or why so many showings yet no offers?

 

The fact is home buyers are not over paying for homes. Values have risen, however not by the same amount for all homes, for all neighborhoods or all towns. If you have not got an offer, your home may be over priced. If your home needs work and you have not received an offer, your home may be over priced. If you have received double digit showings without an offer, your home may be over priced.

 

Many sellers have wanted to list their homes higher and higher than what has sold. The media tells them to. Other real estate agents tell them to. Their friends and family can also tell them to. The response is "no offers" by those buyers ready, willing and able to purchase. Even I will agree to list a home slightly higher than market values, but usually for 2 weeks. Within 2 weeks if we do not have an offer, we tried, but now the price needs to go where it should be. Some homes do sell at the higher prices, but often are the one's in like new condition. 

 

 

The biggest question I hear is "WHY does the buyer not just make an offer then?" With an increase in homes for sale comes increase in homes the buyer can choose from. Many will all flock to the home needing nothing first. 

  

 

We are facing market factors that make this a unique market. The spring market is over. The uptick in rates over the spring forced many buyers to jump off the fence and buy already. Summer typically sees a slow down in sales.

 

The fall market can see an increase in buyers and sellers. Low interest rates are keeping the buyers coming. The time to re-price a home is now as the fall market arrives. Over priced homes are just not selling in this market. If your home has not sold, chances are it is over priced. 

 

The lesson is that through feedback and market studies we can see what values and trends we are experience. This is why a Buyer or Seller should not choose just any agent, choose the BEST agent for the job. My philosophy is simple, provide more personal and professional service to guide my clients through each step of the buying or selling process. All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest. Those that hire me, find a dedication like no other.

  

 

 

 

To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .

 

  

About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 30 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.We are Full Time Agents ready to serve all of your Real Estate needs. Servicing Hillsborough, Rockingham, Merrimack and Belknap counties. 

 

    

 

We stand by you through every step in selling your home
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Rainmaker
2,424,272
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

So true Sally K. & David L. Hanson and why homes needing work need to be priced right even more now than before

Aug 14, 2017 02:12 PM #14
Rainmaker
2,424,272
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Many forget, are not used to and or being told dreams instead of the reality of the market Anna Banana Kruchten, CRS 

Aug 14, 2017 02:13 PM #15
Rainmaker
2,424,272
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

GREAT statement Sheri Sperry - MCNE® and i am seeing that at 300k in my area, 20 showings for under 300k and only 6 above.

Aug 14, 2017 02:14 PM #16
Rainmaker
2,424,272
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

She told me because i answered Will Hamm . It would be easier not to, but answering my phone is what i do. Service sells

Aug 14, 2017 02:14 PM #17
Rainmaker
2,424,272
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Many sellers do learn the hard way Jeff Dowler and only if i could reach them before they list and choose just anyone

Aug 14, 2017 02:15 PM #18
Rainmaker
2,424,272
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Thank you Gita Bantwal and i so agree

Aug 14, 2017 02:15 PM #19
Rainmaker
2,424,272
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Yes Sheila Anderson it happens often, too often but yet some sellers just do not know, now only to spread the word before they choose just anyone

Aug 14, 2017 02:16 PM #20
Rainmaker
2,424,272
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Price means everything and the time for starting high just to see, is over Nina Hollander 

Aug 14, 2017 02:17 PM #21
Rainmaker
2,424,272
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I could write books on bad photos  Kristin Johnston - REALTOR® , price and marketing always are a must to be right

Aug 14, 2017 02:18 PM #22
Rainmaker
1,997,674
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

It's so odd that she called you, instead of that franchise company agent, who told her the home was worth more, and listed it.

Aug 14, 2017 04:02 PM #23
Ambassador
3,323,169
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I have never had a seller call me angry with their agent. I guess there is a first time for everything. The seller should have listened to you in the first place.

Aug 14, 2017 06:25 PM #24
Ambassador
2,490,155
Paul S. Henderson, CRS, REALTOR®,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

You better revisit your pricing strategy as I have several times Scott Godzyk 

Aug 14, 2017 08:41 PM #25
Rainmaker
2,216,610
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

Good morning Scott.

Hmm, I wonder if she will have the other agent lower the price, or fire him/her and hire you..  Interesting

Aug 15, 2017 02:45 AM #26
Rainmaker
4,230,751
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This is a very good story to share with prospective home sellers.

Aug 15, 2017 03:29 AM #27
Rainmaker
2,424,272
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Thank you for the comment Roy

Aug 15, 2017 05:27 AM #28
Rainmaker
2,424,272
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I have a feeling she will be calling once she is done with her current contract James Dray 

Aug 15, 2017 05:28 AM #29
Rainmaker
2,424,272
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

My pricin strategy is sound Paul S. Henderson, CRS, REALTOR®, , i like to tell it like it is. Give real time values. This seller chose the personk that gave them the highest and value, a sure sign a home will not sell

Aug 15, 2017 05:29 AM #30
Rainmaker
2,424,272
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Most often Debbie Reynolds consumers google the issue and find my blog. Then i get THE call. In this case i interviewed for the listing, and did tell her to call me if she needed any help in the future, she said i guess i asked for it

Aug 15, 2017 05:30 AM #31
Rainmaker
2,424,272
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I did ask her why she is not calling her agent and she said she did, but had not heard from them Myrl Jeffcoat 

Aug 15, 2017 05:30 AM #32
Rainmaker
936,699
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

I guess we know who she will be calling when her existing contract expires with her house remaining unsold. 

Aug 16, 2017 05:58 AM #33
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