I would never in a million years put an offer on a house after seeing it only at an open house, no matter how much I loved it. We have recently put our house on the market. Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more. A buyer must make an offer through the estate agent if a home is sold through one. Everything looked good. Two days after we listed, my gut started telling me that we were listed too high — even though the comps more than supported the price. Unique features from hacker profiles to portal watch and video interviews. We had no offers for 4 weeks and then 2 offers within 2 days. Your lender will want to check the value of the house and may have other checks too before they will give final approval for the mortgage. If your home is likely to generate multiple offers, set an offer deadline for sometime after the planned open house. Perhaps it is an issue of showings; there havenât been many (not enough buyers have visited your home in person). The buyers with the highest offers will compete in a bidding war to see who is willing to make the most appealing offer on the house. Our home is newer, has an abundance of comparable high-end upgrades and is located on one of the best view lots in the subdivision. A realistic look at all your options Why Didn't My Home Sell? Does the seller think their house is worth at least X price? To make sure your price is still right, go through the CMA your agent prepared. Now all you need to do is attract that one viewer who actually wants to buy your house! We’re not just priced to sell — we should be a bargain as compared to what’s on the market and in terms of what has closed. This level of inventory isn’t just a buyer’s market — it’s a deep recession buyer’s market that should lead to serious price declines soon. We got 10 showings in the next 2 months. If a home doesn't sell in a market that is moving, there might be something wrong with itâor it might just be overpriced.Buyers often bypass opportunities to make offers on overpriced homes, but if you do this, you might be passing up an opportunity to buy your dream home for a bargain price. We offered $15,000 over ask the first time we bid. Almost one per day. There seems to be a problem with your Inman Select Membership. In the last five months, there have been ten listings in our subdivision and seven have gone under contract. Your solicitor will want you to make the funding for your purchase a priority. It's not unusual for a seller to find themselves in a nice spot where they receive more than one offer (known as multiple offers); but as a buyer, it's a tough spot to find yourself in. Did anyone force you to do that? I have always looked to the inventory as my guide in terms of pricing. We recently found a lot where we want to build and decided to list our house. We thought we priced it right for the condition, quality and the view, but it’s been two weeks and activity has been slow. My husband and I bought our house in May of 2017. In cold markets, the majority (70%) of house sales took +180 days from 1st day of marketing to legal completion. We know the issue is not the location or the condition — our house shows like a model, and everyone has commented on that. I have always told my sellers that if you are in a good market and you have 10 showings and no offers, it’s time to lower your price. Take a close look at your listing photos and description on Zillow. Anyone looking for a house like yours will want to see it. Two reasons: 1) Buyers won't bother to look at a house that's out of their price range, or ⦠During that time, we had five showings but no offers. Bernice Ross, CEO of RealEstateCoach.com, is a national speaker, author and trainer with over 1,000 published articles and two best-selling real estate books. 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