Skip to main content

first time selling: plenty traffic but no offer?

location: Houston, TX

house: built in 2020, 3b2b single family, great condition, lots of upgrades, inspected 3 years ago. Lawn service supposedly provided by agent. fully vacant (no furniture), no staging from agent. yes MLS.

background: we moved out of state in a rush due to recent work change. we did not shop for seller agents at the time and ended up re-hiring our then buyer agent to list and sell the house (later found our agent does not have much selling experience/record). We moved out in March. The house is fully vacant and in the hand of our agent for sale. On market for ~ 4 months. We ran multiple comps over the time and think we are fairly priced (right on average in the neighborhood, not counting upgrades)

Since our new location is quite far away we were not able to revisit our house. but according to our agent there has been > a dozen of showings so far (quite a few in the first month). No offer so far and interest is clearly down since Summer. Also for all the showings, only one clearly states not fit (need a different floor plan), everyone else is positive. none thinks price is too high.

We understand it's buyers market now but can't make sense of what turned visitors away. Our agent is not very good at communicating (never actively provide any update). So far the suggestion from our agent (or the lack thereof) is just to wait and see (we are open to price adjustment BTW). Our contract expires in a month (after the hot selling season ends).

We can appreciate some advice from reddit community: is 4 month on market nothing to worry about in this era? why all visitors turned away? should we renew contract with current agent? look for a more experienced seller after this? break contract earlier to catch the tail of summer selling season?

many thanks in advance!

submitted by /u/szjalo
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1m3hrkg/first_time_selling_plenty_traffic_but_no_offer/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...