Drive-by shoppers (aargh!)
So we dropped our price $25k, from 675 to 650 AND changed the realtor commish from 3 to 3.5. We are at nearly 6 weeks from the original listing date, about 12 separate showings not counting returns. One of these seemed like it would become an offer (3 visits) but fizzled due to their inability to put in a pool due to city ordinance.
We had a showing today, couple with a baby less than 1 year old. Now this part is a bit of a vent, so I hope you will indulge me. My wife and I take about 3 hours to prep the house for showing. Part of this is the house size (5000 sf), part is our (ok, my) being a stickler for perfection... getting everything spic-n-span clean, polish, candles, the whole works. Every realtor has commented on how cleanly our house shows, as well as how beautiful the yard is, the home too, etc.
The showing today lasted exactly 8 minutes. I had told the realtor that I would be home as I had to attend a conference but would stay in my office while they toured. I met them at the door and then went to the office. Before I could look up from my screen they were ready to go! They made some noises about the baby keeping them on a tight schedule, etc. It did occur to me to wonder if they had heard of babysitters.
Now most of our showings have lasted about 25 minutes (this is the first time I was home, but we usually go up the hill where we can observe without being seen). One other one lasted about 12 minutes... what is the deal with this? I mean, who can see 5000 sf in about 10 minutes? This not counting the back yard, where some people spend 10-15 minutes alone (it has a lake).
I thought about this later and it seemed they had rejected the house even before they walked in the door. Maybe as it is below street level (which happens partly because we have lake access). I can't imagine what else. They then left to see a home in the neighborhood that is priced $20K higher, has a (mostly) unfinished basement (which translates to less than 4000 sf finished space), lesser lake view and is synthetic stucco (compared to our brick). For those in this area (GA) you will recognize stucco as the kiss of death around here; I once heard it can take 10-15% off the price compared to brick. So I don't think our price is crazy high or anything; all the realtors I talked to said it "seemed ok", particularly given that it has a lake, is fully updated, etc.
This particular showing has lowered our morale considerably. I'm sure it will recover but just wanted to vent.