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maltahami

20+ showings with no offers

6 years ago

My house was listed on June 19 went pending next day (Friday) due to an offer 10k over asking, the following Monday buyer backed out and said because of inspections

I had to relist again the next day

What should I do?

Listing is below:

https://www.zillow.com/homedetails/445-S-Waverly-St-Dearborn-MI-48124/88425117_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

Comments (14)

  • 6 years ago

    How does it price compared to the neighbors? I am guessing it is priced too high. I would remove the baby clutter. I'd remove the clothes rack and plastic storage bin from what appears to be a basement bedroom because it emphasizes the lack of storage. I'd take the trash cans out of the yard, plant some nice greenery around the patios and clean up the area behind the garage. You do have a nice home.

  • 6 years ago

    Definitely put the clothes in storage. If you have three bedrooms, they have to look like bedrooms, not storage closets. I'm confused about the number of bedrooms though. Above grade, there is the master bedroom, the baby's room, and the "storage closet". Are these the three bedrooms? The bedroom in the basement looks iffy with windows that do not provide for egress. But the most important thing is to determine what the inspection deficiency was and see about remedies or concessions.

  • 6 years ago
    last modified: 6 years ago

    Did your agent pull comps and price accordingly? That was the first thought that came to mind when I saw the listing -- I live in SE MI and I'm surprised to see a house listed in that city for $166/sq ft. But -- I don't live in that particular area and certainly am no expert, but quick net search (not comps) yields many listings around low 100's/sq ft. Maybe buyer backed out because he realized he was paying too much - ?? (inspection is always the "out"). Or maybe the inspection actually did show something -- ??


    ETA: And the title of your thread is "20+ showings with no offer". You did have an offer, one that backed out -- something's up besides the pics showing the bedroom as storage space...

  • 6 years ago

    What feedback is the Realtor getting and giving you? He/she should be talking to each agent after every showing. They know why your home isn’t moving. Also remember, some buyers take weeks to decide on a house. There are many reasons buyers don’t make an offer the same day. Some look at 20 houses, some are waiting to hear about a job transfer, some have unrealistic expectations of what they can get for their budget, some have no imagination and can’t see past clutter, some don’t know they can buy a can of paint and change a color they don’t like. Some have to wait until they sell their house, some just want to see what’s on the market. Ask your agent .

  • 6 years ago

    Pretty house! Remove the dish drainer and all other items from the countertops in the kitchen. The trash can needs to be out of sight. The eating nook is super cramped and uninviting, can you swap out the benches for a small 2 -3 chair bistro set? Agree with staging the third bedroom as a bedroom. Box up all your winter clothing and store all clothes out of sight. You are advertising a storage problem. Remove the area rug in the basement tv viewing area. It’s a beautiful house, and you seem to be emphasizing the faults. And also check with the agent about feedback and price.

  • 6 years ago

    Buy a white, light blue or green duvet cover for the master bed. The purple clashes with the wood tone and shrinks the room visually.

  • 6 years ago

    Your home has good bones, but I agree with the consensus mentioned about lack of storage space. In each room you show things not put away and in each of the bedrooms there are storage issues featured (bed #2 shows a rack outside of the closet for example). The 3rd bedroom used as a closet is a no-no as mentioned previously. The dining room has the side table placed partially in front of the window rather than over by the kitchen wall where you feature the child's table. Go through each room and remove child's toys - at least for the pro photos. Make the changes already suggested. Check your pricing again.

    I don't understand why you had to relist. Usually it's just a matter of changing status in the MLS rather than signing a new listing agreement. Can you shed some light?

  • 6 years ago

    Also, what were the inspection issues? Do you need to fix a few things?

  • 6 years ago

    Does anyone think that a seller should get their own inspection before putting the house on sale?

  • 6 years ago

    SueK -- Yes, we've done this as sellers so we could eliminate any reason for a buyer to not put in an offer or to use against us (price wise) after their inspection.

  • 6 years ago

    Yes, particularly if they have lived in the home a long time so the seller can fix the items before putting it on the market. If the seller is particularly handy, s/he may be able to walk through the home and repair items without the report, but this is very rare. Many sellers don't see the actual condition of their own home without another set of eyes on it.

  • 6 years ago

    Denita, how many years Is “a long time”? We’ve been in our place for 17 now, although we do yearly projects to keep it updated

  • 6 years ago

    Good question nan-nan. Some property owners have a routine where they fix repairs as they occur on a regular basis. When that type of owner puts their property on the market they don't need to have the inspection before listing IMO. It can't hurt to have the inspection and the inspector may pick up on something the owner has missed but those type of owners usually have very well maintained homes.

    Then there are the owners that are busy and not so diligent with their repairs unless they are "in your face" type repairs (HVAC, roof). Over the years these small repairs add up and some morph into large repairs (siding is one example). I've seen people with homes that are 5 years old and the house needs a tremendous amount of work. This is an extreme example, most people don't live in their homes so hard. So "a long time" depends on the occupants.

    Since you do yearly projects to keep it updated, I assume you also keep up on the repairs regularly too nan-nan. I would assume your home is very well maintained and probably doesn't need an inspection before listing just based on what you have said here. As a Realtor I can tell you most of us know right away when a home is well maintained or not and it is a true pleasure to sell one that is maintained.