3,988,013
Getting good traffic and getting offers are two different things. It sounds like he isn't getting offers yet so your suggestion to wait for multiple offers and get highest and best is valid.
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Teri Pacitto
Westlake Village, CA
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Roy Kelley
Gaithersburg, MD
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Brenda Mayette
Glenville, NY
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
5,033,285
Good traffic is one thing but no offers is another. Wait and see what the buyers want to offer and hopefully there will be multiple offers! I wouldn't raise the price just because you have good showings.
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Teri Pacitto
Westlake Village, CA
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Brenda Mayette
Glenville, NY
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Nina Hollander, Broker
Charlotte, NC
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Debe Maxwell, CRS
Charlotte, NC
5,062,995
Good traffic without offers is not a good sign. I would not change the price.
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Brenda Mayette
Glenville, NY
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Candice A. Donofrio
Fort Mohave, AZ
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Nina Hollander, Broker
Charlotte, NC
1,458,169
I've done this successfully several times. It depends on the property.
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Nina Hollander, Broker
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
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Susan Emo
Kingston, ON
5,257,699
If your market is like mine, you're getting good showings because inventory is low - raising the price STILL won't bring in an Offer! If it was underpriced, you'd have multiple Offers by now!
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Nina Hollander, Broker
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
206,670
Sound like everyone agrees with you, let the market raise the price, not the seller. If they insist, your hands are tied.
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Nina Hollander, Broker
Charlotte, NC
6,424,277
You have already given them good advice, now remind them of the failure that often results from too greedy sellers.
And let the market raise the price.
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Nina Hollander, Broker
Charlotte, NC
1,625,153
In my area (L.A.), you do not withdraw the listing, you simply sign a price modification form and change the price in MLS.
I would not be able to give advice on your situation since I do not know your comps. Listing a little bit lower does often produce a lot of buyers attention , many offers and a much higher final price. But sometimes you have a lot of traffic and no offers( happens often now when inventory is low)
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Inna Ivchenko
Encino, CA
7,870,283
Provide the market information so your seller will make a good decision.
2,195,099
"That trick never works Bullwinkle " - Rocky J.
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Michael J. Perry
Lancaster, PA
2,222,275
1,057,554
Good traffic = good marketing.
Good traffic - no offers = overpriced
Good traffic + no offers + raising price =
bad idea
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Nina Hollander, Broker
Charlotte, NC
1,029,703
1,712,876
Unless they make improvments that adds appraisal then no.
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Nina Hollander, Broker
Charlotte, NC
3,986,308
I have had that discussion before and a few times I did raise it
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Nina Hollander, Broker
Charlotte, NC
2,684,769
Debbie Reynolds has the perfect response.
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Nina Hollander, Broker
Charlotte, NC
1,045,440
I would suggest that they hire an non anonymous agent the chances of their property being seen will be greatly improved by this move alone LOL
2,224,473
So there haven't been any offers? That says something right there. I would have a heart to heart with your seller and hopefully the seller will keep the price where it is.
5,879,125
4,434,177
864,708
You work for your client. I say go for it. The market is appreciating weekly. However, the fact that there are no offers make me think, the house is not priced correctly.
1,466,257
If you aren't getting offers with all the good traffic something is lacking. I would work on that first.
4,966,338
1,506,823
259,105
5,583,328
I would not let that happen.... the seller needs to clearly understand the damage that would do...
2,785,456
That is a good time to have a "cause & effect" meeting & review the mission.
4,800,132
352,976
Debbie Reynolds and Dorie Dillard have your answers. Personally I agree offers don't always follow showings such as the case here. Yes, some have raised the price but it's not a good strategy.
Properties priced correctly with traffic garner the best offers and sellers net the best price. Lots of traffic and no offers...listen to the silence.
3,416,038
It would be a complete waste of time to withdraw and re-list with such a Strong market now. I would go into detail showing the seller the comps that prove the price. When done up front, sellers do not have second thoughts on list price.
902,398
Adding square footage or doing major upgrades might justify raising the price, not good traffic. Showings mean it's well-priced and you are doing a good job marketing. I think you are right to let buyers bid up the price.
4,584,015
599,734
921,504
When last, dear seller, did you buy something that was clearly marked up?
This change will be visible to all.
Be aware, the seller hired a professional. So did the buyer.
When either ignores the guidance of the professional they hired, they do not benefit.
1,617,916
5,116,278
Why withdraw and relist? Just raise the price... who knows maybe you'll lose traffic and they'll figure it out. Traffic does not equal offers, by the way.
3,071,489
4,319,773
809,258
What Debbie Reynolds & Dorie Dillard said. If it is getting good traffic but no offers that is a sure sign that raising the price is not needed. If it was priced too low you'd have a bunch of offers already and there would be a bid war so it would move up to market value anyway (that's how it would work in my market anyway). -Kasey
1,242,204
The buyers are more sophisticated. They offer a price and make it expire same day so you have no time to play your game.