Residential Real EstateTranslating Feedback
After a showing, you"ll receive an abundance of feedback (hopefully!). Much of this information can come from the buyers agent. Here is some common feedback and what it means.
First day out: Just started home search, could come back.
They"re thinking about taking another look: Second showings usually show elevated interest, but if it isn"t how they remembered it, it"s over.
Loved it: Looks like they could be writing an offer.
It"s on their short list of homes to buy: Find out what your competition is.
They have some questions: Good sign, serious interest. Don"t be vague or untimely with answers.
They want to bring their parents back: Family members or friends can build confidence in or kill a home sale.
Nice first floor (in a 2-story home): The second floor layout or number of bedrooms on the second floor didn"t work.
Too many projects: Buyers are not prepared to do major updating or remodeling.
Too much wallpaper: If this becomes reoccurring feedback, take it down.
Poor room flow: Hard to change.
Tired or needs tender loving care (TLC): Buyers can"t see past the clutter, dirt, or damaged walls, floors, or fixtures.
Overpriced: Be thankful they"re honest. The rule of thumb is after 20 showings or 30 days and no offers, you need to adjust the price, and not up!
Just didn"t work: The buyers might not have clear home parameters, or their agent stretched them.
Nice house, wrong location: The house worked but buyers have different location needs than your home offers.