You’ve had your home listed for two weeks, showings are happening, but there’s still no offer. While it’s normal to wait a bit for the right buyer, if interest isn’t converting into offers, it may be time to adjust your strategy—starting with the price.
Here are three key signs it’s probably time to lower your asking price:
1. Plenty of Showings, But No Offers
If buyers are touring your home but not making offers, it’s a strong indicator that your price is too high. Showings mean buyers are interested—but if they walk away without submitting an offer, something is holding them back.
💡 What to do: Ask for feedback from agents and buyers. If multiple people say the home is priced too high compared to similar listings, it’s time to reconsider.
2. Nearby Homes Are Selling, but Yours Isn’t
Take a look at similar homes in your area. Are they going under contract while yours sits on the market? If comparable homes—same size, condition, and location—are selling faster, your price could be the issue.
💡 What to do: Review recent sales and price reductions in your neighborhood. If similar homes are selling at a lower price point, you may need to adjust to stay competitive.
3. You’re Getting Lowball Offers
If buyers are making offers, but they’re significantly below your asking price, it could mean that they see the home’s value differently than you do. This often signals that your listing price is above market expectations.
💡 What to do: Consider a modest price reduction to bring your home in line with market value. A well-priced home attracts serious buyers and multiple offers, leading to a faster sale.
Pricing a home is a strategy, not a guessing game. If you’re seeing showings but no offers, nearby homes are selling, or buyers are lowballing, it’s likely time for a price adjustment.
Need expert advice? A real estate professional can help analyze the market, reposition your listing, and attract the right buyers at the right price.
If you’re considering a move or investment and require a trusted Real Estate Broker, we’re here to assist you. Contact us via email at TEAM@McDanielCallahan.com, complete the form below, or give us a call at 925-838-4300. We are ready to provide expert guidance and support for all your real estate needs. Terry McDaniel DRE License #00941526
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