Special offer

No Showing! What do I do!

By
Home Builder

 

 Does anyone have any suggestions:

 

The price is within the 93% list to sell range for the market.,

I am spending a ton of money on videos, print adds etc.,

I am calling local agents who have similar homes,

I am doing a bunch of other things to get the listing out to the public, 

 

and Still no showings.  This market Sucks! 

Comments (12)

Nancy Morrish
Stage Tucson! Professional Home Staging - Tucson, AZ
Stage Tucson!
...I'm not a Realtor....but how bout this?  Since you seem to be spending a lot of money on other marketing tactics anyway...why not host an afternoon - or morning Limo tour (you could plan it together with  one or two other Realtors in your office if you don't have other listings in the area)  -- make a big deal out of it, and personally invite Realtors that you know from other offices. Make sure you have food layed out at each home for Realtors.... make a nice shiny packet with the Listing info from each house. And perhaps you could top it off with a guest speaker back at the office (or someplace else if this kind of thing isn't done at the office) who would have something beneficial to say to Realtors.     Just a thought. 
Sep 23, 2007 04:51 AM
Carol Zingone
Berkshire Hathaway Home Services Florida Network Realty - Jacksonville Beach, FL
Global Realtor in Jax Beach, FL - ABR, CRS, CIPS

Dave,

Do you have MLS or office caravans? If so, that might be one way. If not, then I agree with Nancy above,  you may want to host an event to get agents there to get their feedback - in FL right now, with 25K listings active in MLS, it needs to be PRICED right ,and PRESENTED right to get shown..good luck, and let us know what happens!

Sep 23, 2007 04:53 AM
» Bill Burress Nationwide Mortgage Originator
» Bill Burress Nationwide Mortgage Originator - Fort Myers, FL

Dave:

Keep on keepin' on.  Maybe 93% is not the right price.

Sep 23, 2007 04:54 AM
Wayne Miller
San Diego, CA

Hi Dave,

  1. Try calling agents who recently sold in the area your listing is located.  Maybe their buyer has a friend who may want to live in the neighborhood. 
  2. How about a brokers open?  Serve pizza and take home the left overs for dinner. 
  3. Place a Craigs List ad.
  4. Contact an HR department of a large employer in the area and see if they have anyone relocating to the area. 

Good luck.

Sep 23, 2007 04:54 AM
Connie Ragen Green
Small Business UnMarketing - Santa Barbara, CA
Online Marketing Strategist
I agree with Wayne - serve food! Pizza is good but baking cookies can be better. The smell will drive them crazy and they will make an offer.
Sep 23, 2007 04:59 AM
Michele Connors
The Overton Group, LLC Pitt & Carteret County - Greenville, NC
Your Eastern North Carolina Realtor

OK:   my 2cents

  •  now more than ever the home needs to be in tip-top condition- immediately
  •  Are the photos quality enough to show the home off in its best light?
  • Price is everything and actually a moving target- how often are you checking the cma to be sure 93% isnt really 89%---time for for a new analysis- possibly reduction.  Make sure your seller understands and has the motivation necessary in todays conditions.
  • Internet ads...all you can...BTW- all are free !
  • and maybe ...- BLOG about it in the listing group !!!!  (instant recognition )

 

Sep 23, 2007 04:59 AM
Roberta Murphy
San Diego Previews Real Estate - Carlsbad, CA
Carlsbad Real Estate and Homes
Try an "auction" with reserve bid? It is something you could handle yourself--and at least it might attract some interested buyers. Be sure the reserve bid is an attractive one.
Sep 23, 2007 05:03 AM
Rob Lang
At Home Kansas - Shawnee, KS
Local Expert in NE Central Kansas Real Estate Home

You're doing all the right things.

You may already know all this but here it is if you don't.  Is the home still within the 93% range for the past 30 days of comparable SOLD's or was it within the 93% of when you took the listing months ago.  As you know this is a month by month changing figure.  Count how many comparable homes have been SOLD in each of the past three months.  Count how many comparable homes are on the market.  Determine where your sellers' home is on that list -- most expensive to least expensive.  Show this data to your seller.  Remember, the buyer determines the price; not the seller.  If the home is not 1st, 2nd, or 3rd in line to be SOLD by price and only three homes will be SOLD in the next six months, more than likely your sellers' home will not be SOLD in the next six months.

Hope this helps. 

Rob

Sep 23, 2007 05:05 AM
Karen Webster...Grand Rapids, MI Realtor
5 Star Real Estate, Grand Rapids MI - Grand Rapids, MI

In the immortal words of David Knox, "is it sold?  No?  Then it's overpriced!"

Unfortunately, the old ideas of what a home "should" sell for are out the window.  Last week on the Today show, their real estate expert said people would be wise to list for 10%-15% less than what comparable homes in the neighborhood have sold for.  Then, there'd likely be a bidding war and they'd get more than asking price. 

She's right, but would a seller buy that idea??

Just be glad you're not trying to sell in Detroit. (Neither am I.)

Karen Webster

5 Star Real Estate

Grand Rapids, MI

Sep 23, 2007 05:19 AM
Brin Realty Associates Team At Bean Group
Bean Group | Brin Realty Associates - Amherst, NH
Amherst NH homes and Southern NH real estate

anyone feeling angry about the CRAMER thing today?

Sep 27, 2007 11:43 AM
Konnie Mac McCarthy
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"

I am a firm believer in keeping it simple...simple works....I had an agent who told me, when I first got in this business...if you arn't getting any showsings...It's the price stupid...(not you..that's just what she said) you are right, this market sucks volumes so you need a price that will make people sit up and take notice, if your sellers want to sell and they have the room......good luck..

Sep 30, 2007 03:32 AM
Anonymous
Anonymous

 

Thank you all for your thoughts.  It is difficult in this market dealing with sellers who are on the cusp of being upside down in their mortgage.  The mentality seems to be to hold out for a sliver of profit.  Meanwhile our profit is going out the window.

Oct 01, 2007 12:55 AM
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