No Activity? No Offers?

The subject of little to no activity after listing is a touchy one for many homeowners. People in general are very emotional about their homes. They have worked hard in many cases to make a nice home for themselves and their families and most people have a lot of good memories regarding their homes. When expectations regarding price are less than expected - emotions invariably come into play.

Bottom line is this - the market speaks and in most cases, quite indifferently. It does not care that the old outdated kitchen was the seller's handiwork in the 70's.
The market is what the market is. A home that is receiving little to no activity in the first 30 days is telling sellers something. Location and condition of the home should be reflected in the price of the home. If it is not - it will sit. This is where a lot of listing agents get hung up. Anyone in the business knows that there are agents who for the sake of the listing inflate the value of the home in question in order to appeases homeowners and secure the listing. It works for the short run - because when the market speaks the truth - the agent is forced to broach the subject of lowering the price. The call that no agent wants to make!

The best advice that we can give is do your due diligence! Check out resources regarding the value of your home and even invest in a CMA if you can. If you have time - start out a little higher and work your way down, but be reasonable. Our best success stories our sellers who understand the market and who are able to put emotions aside and make it happen.

The market is a relection of timing, interest rates, location, condition and exposure. Price must coincide with current market conditions! In real estate school they always say a properly priced property is 80% Sold...