5 Things That Can Happen Now that Your Home is on the Market

Congratulations!  You’ve cleaned, packed, and staged your home and it’s now on the market.  Hopefully, you have worked carefully with a Realtor to properly position your home for maximum appeal and competitive power among the rest of the inventory of homes for sale.  So, what now?  Well, there are five basic scenarios that could happen. 

1 – Multiple Offers.  This scenario would be characterized by:

• Lots of showings
• Happens just days after the sign goes up
• Home sells at or above full asking price

2 – Strong Single Offer.  The experience for this scenario would be:

• Lots of showings
• Happens within the first 30 days
• Sells at or near full price

3 – The “Norm.”  The average time on market in the Savannah area remains around 3 months.  Certain neighborhoods with lower inventory are selling more quickly.  However, a reasonable scenario would be:

• 8 to 12 showings within the first 45 days
• Offer in line with expectations
• Sells at 95 to 97% of the list price

4 – Feels Like the “Norm.”  This is a scenario that begins to feel like trouble.

• Good showing activity
• No offers
• Identification of property problems via showing feedback
• Time to fix problems
• Time to re-consider pricing

5 – Nightmare!  Unfortunately, some home sellers will find themselves in a nightmarish scenario.

• No showings.  Nothing is happening at all.
• Price problem
• Fix the price and re-position the property

The best advice for sellers is to make sure that the home is property priced and positioned from day 1.  If you are considering the sale of your home and want to make sure that you find yourself in one of the first few scenarios, call me!