Normally, you can guess that issue is primarily that the price is too high. Compared to comps, my listed home is priced roughly 10-15% lower than the rest. It's in good condition - old, but a lot is repaired and new.
The strange thing is, I listed a little higher than I should and got little attention. My agent and I agreed to drop by 5% after a couple weeks, and it got a few showings.
But honestly? It's been on the market for 45 days now. No offers. One person was close I suppose but went another way. Very little buyer interest. What's curious is how many comps near me in arguably worse condition asking for more money are selling before my place.
My agent doesn't suggest dropping price again just yet and that she "isn't entirely confident in why the listing's online attention compared to comps isn't translating to showings". She's considering perhaps getting some reshots done of the outside of the house, but besides that, it might just be a storm to ride out via patience. She also said other houses in the area are getting few showings. Some of those are just turning into offers.
I'm primarily moving for work and the longer this goes on, the more shaky I get. Hoo boy, this winter is going to be brutal if an offer doesn't swing by before the holidays. Anybody else in a similar situation? Very few showings despite comparatively offering a lower than market rate?
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source https://www.reddit.com/r/RealEstate/comments/1oknl6a/pa_the_market_feels_so_cold_and_showings_feel_so/
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