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Number of Offers Per Home Showing

by Gary Kent / Wednesday, 05 May 2010 / Published in Uncategorized

“Our home is for sale. We’ve had 30 showings in 5 weeks and just one offer at the bottom of our range, which we refused. What do you make of that?”

Answer:
The National Association of Realtors reports that a home priced correctly should receive one offer for every 10 showings, on average.

Based on that and my own experience, you probably need to lower your price. You might even want to track down the person who made the offer and see if they still want to buy it.

Good luck.

More about pricing your San Diego home

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About Gary Kent

Licensed since 1984, San Diego real estate broker Gary Kent is a recognized authority on real estate. In addition to selling over 5,500 homes for clients, he has been an expert court witness, trainer of other agents, and he does seminars on home buying, home selling, and investing. Gary has sold homes for The Salvation Army, dozens of major banks, and Fannie Mae, amongst others. You can find Gary on Facebook, Instagram and YouTube.

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