How many showings will occur before an offer occurs?
Often times, there is a group of buyers representing “pent-up-demand.” Meaning there are buyers searching online day and night and wanting to view the newest listings on the market. When a property is priced correctly, there is often about 5-7 of these buyers. Not 25, or 50, but about a half dozen. If a property is under price, this could be 15-20. If a property is overpriced, this number could be 0.
Feedback – The agent is not responding
If there is one that can cause a seller anxiety while their property is on the market is a lack of feedback. Often time we will call the agent 2 times and email 3 times and yet get no response. While we would like to know what the buyer thought, it is a form of feedback. There is no interest.