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How long after a house is listed should the phone start ringing?

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Mortgage and Lending with Sterling Home Mortgages 129359

I have a customer who listed a very nice house for sale over a week ago (450k price range) in Chester County, PA and there has not been a call for a showing yet.  Is this normal or a bad sign?  He was expecting some reaction, even with the down market, especially because it's spring and his blossoming landscaping looks even better!

 What is the average amount of showings in a month for a house in this range in the suburbs? 

 

 

Comments(6)

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Lisa Lambert
The Law Offices of Elisabeth A. Lambert - Fresno, CA
Esq. 1031 Exchange Expert

Christine:

I'd invite some agents to come take a look at the house and ask them if they think the house is priced right. There's so much inventory, that even a 10-20K increase will make a difference. He may have an unrealistic expectation for what his house is worth in this market.

Best wishes for getting some response soon.

Apr 07, 2008 04:52 AM
June Piper-Brandon
Coldwell Banker Realty - Baltimore, MD
Creating Generational Wealth Through Homeownership
I'd have a broker's open and ask each agent to complete a questionnaire before leaving.  What is the competition in the area?  How long are homes in that price range staying on the market?  There are so many reasons why there haven't been calls.
Apr 07, 2008 05:05 AM
Patrick Johnson
Windermere - Bellingham, WA
Christine, since you listed this blog in the realtors site and the Pennsylvania site, I am sure you will get at ton of different answers to this question. Obviously the local agents will be more in tune with what to expect, but generally speaking, the things mentioned above like brokers opens and some e-flyers to every agent in your area would go along way to getting some feedback. Good luck!
Apr 07, 2008 05:19 AM
Jason & Deanna
Breckenridge, CO

Christine,

In my experience it depends on location, & price. I think the idea to have your peers come through is a great idea. The more desired area in your market usually the more interest.

Apr 07, 2008 05:28 AM
Jason & Deanna
Breckenridge, CO

Christine,

In my experience it depends on location, & price. I think the idea to have your peers come through is a great idea. The more desired area in your market usually the more interest.

Apr 07, 2008 05:28 AM
Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
Northwest Tennessee Realtor

Christine,

I agree with the others. you need to have a realtors open house and get their comments and also get them into the house so it will be fresh on their mind.

Apr 07, 2008 05:32 AM