Lots of showings could mean your home is priced well, or that the market is lacking supply


Lots of showings could mean your home is priced well, or that the market is lacking supply
By Scott Rogers • June 26, 2017
This low-inventory market we're in is certainly providing some new perspectives.... If you are having a LOT of showings of your house -- it MIGHT mean that your house is priced well, prepared well and marketed well (our three main areas of focus) and that it will be under contract before you know it! OR -- it could simply be an indicator of extremely low inventory levels in your segment of the market, such that lots of prospective buyers are trying to convince themselves that your home will work for them, even if it is not exactly what they are looking for. The general rule of thumb is that if you are LOTS of showings, but are NOT receiving an offer -- you will likely (at some point) need to adjust the price downward. This will then likely generate even more showings, but will also hopefully make the house seem like a better value proposition for a buyer, enticing them to make an offer. Again, as a seller, don't get lulled into a false sense of complacency, thinking that you'll certainly have an offer soon if you have lots of showings. It is certainly possible (and perhaps even likely) but if inventory levels are low, then that offer might not be forthcoming after all! Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 24, 2024 (unless otherwise noted).
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