At heart, there’s probably nothing wrong with your house. And there’s nothing wrong with home showings, either. You may just be running into some fairly common problems.
Unqualified Buyers
The truth is, there’s really only a few attendees to an open house that are qualified to purchase a home. And those that are will be working with a buyer’s agent who knows the ins and outs of negotiating a home sale at the best price for a buyer. A qualified buyer needs to have the right credit to be in the market for the right home at the right time. And if you think you’re going to find them on your own, you may be facing an uphill battle.
Prospecting
Home showings are a goldmine for prospecting agents. They know that there are eager homebuyers (some of whom actually will be qualified) milling about who they can work with on negotiating a different property at a much better price. Remember, agents always work on commission. This isn’t to suggest they’re unethical. But they know the value of a good opportunity. And there’s no opportunity quite like a home showing.
Competition
It’s an unavoidable reality. But there’s no such thing as downtime in the real estate market. Even if you are working with a qualified agent, there’s always going to be a house that was priced just a few thousand dollars below yours down the street. You can underprice your home. But so can your neighbors as well. Selling your house is as cut throat a business as any. And it’s as much a question of luck as it is foresight.