I just listed my house for sale 1 week ago and we have not had any showings yet. How long is the normal wait?

Answer 1

There is no such thing as "normal". Every home selling experience will be unique.

There are many factors, including the awful market conditions in many areas right now. Interest rates are high and there is a glut of available properties on the market. In some areas if no more homes are listed it would take 23 months to sell all of the homes that are currently available.

Have you checked the MLS for your listing? Newspaper ads? If you can't see it, neither can potential buyers. Ask your agent what the CURRENT average DOM (Days on the Market) is in your area.

My house was 45 days from listing to closing. My friend's much nicer house has been on the market for 13 months.

Answer 2

Your Realtor should have told you about the process. First, your agent would have to take the listing contract back to the office to be accepted by the broker. The agent himself or herself cannot sign the agreement with you. That takes a day or two. Then the signed listing agreement has to be input into the computer and get onto the MLS listing pool. By the mean time, your agent should organize an open house to invite not only the fellow office agents, but agents from other offices to tour your property. That will take some more time to organize. At the same time, newspaper ad has to be written and placed. All of these take time. Expect activities to pick up about the 3rd to the 4th week depending on your market condition. Right now, inventory is high.

Answer 3

Are you for real? the real estate market is at an all time low and it's a BUYER'S Market right now, so you may wait months to sell your home. And one week is nothing in the RE market, so keep your shirt on. Eventually someone will look at it, but I can almost guarantee than in this market it will sit for a long long time before you sell.

Answer 4

I sell real estate and I can tell you that the market is pretty horseshit right now for sellers.... I was in a home that didnt have any showings for 3 months..... Its really give or take....Tell your agent (if you have one) that you want open houses done in your home every weekend for the next month... Your house is going to be a new listing in your area so by doing this you should get some potential buyers in your home.....

Answer 5

Within 7 days you should atleast be showing it to people, if the market is good and you are competitively priced.

In 30 days, if you get very little interest, you're priced too high. Homes that are competitive should get LOTS Of intersti n the first 30 days-- after that it peaks and goes down.

Answer 6

as stated above we are in slow market, houses are setting for at least 120 days,

as asked above have you priced the house on the high side or your market, how many houses in your area are for sale?

Then what is your real estate agent doing to promote the house? open houses does not relay do it and is cheap of agent, I mean what type of advertising and what type of places? What type of marketing can they show you they are doing?

Answer 7

We are in a slow real estate market. Cool down on your expectations.

Answer 8

This month's figures prove that the so-called "housing bubble" is not only real, but that its cratering faster than anyone had realized. As the UK Guardian reported just yesterday, "the orderly housing slowdown predicted by the Federal Reserve will (soon) become a full-blown crash".

All the indicators are now pointing in the wrong direction. Consumer confidence is down, inventory is at a 10 year high, and the number of homes sold in July was 22% lower than last year. As Paul Ashworth, chief economist at Capital Economics said, "Things seem to be getting worse very quickly. Freefall is a strong word, but I think it's the right one to use here." (UK Guardian)

The housing bubble is a $10 trillion equity balloon that will explode sometime in 2007 when more than $1 trillion in no-interest, no down payment, adjustable-rate mortgages (ARMs) reset; setting the stage for massive home devaluation, foreclosures and unemployment. ("By some estimates housing activity has accounted for 40% of all the jobs created since 2001". Times Online) July's plunging sales are just the first sign of a major slowdown. The worst is yet to come.

The blame for this rapidly-approaching meltdown lies entirely with the Federal Reserve, the privately-owned collection of 10 central banks who cooked up a way to shift wealth from one class to another through low interest rates.

Sound crazy?

Well, just as high interest rates cause the economy to slow down; low interest rates have the exact opposite effect by stimulating the economy through increased spending. It's all pretty clear-cut.

When the stock market nose-dived in 2000 the Fed lowered rates 17 times to an unbelievable 1% to keep the economy sputtering-along while the Bush administration dragged the country to war, gave away $450 billion a year in tax cuts, and awarded zillions in no bid contracts to their friends in big business. All tolled, the Bush-handouts amounted to roughly $3 trillion dollars, the largest heist in history, and it was carried out under the nose of the snoozing American public.

At the same time, America's debts and deficits have continued to mushroom behind the smokescreen of low interest rates.

Rather than face the recession which should have followed stock market crash, the Fed chose to increase the money supply (which doubled in the last 7 years) and lower the qualifications for getting mortgages. (I read recently that 90% of first time home buyers not only lie on their mortgage applications, but that 50% of them say that they earn TWICE as much as they really do. The applications are not cross-checked with IRS statements) Now, tens of thousands of Americans live in $400,000 and $500,000 homes without a penny of equity in them and with loans that are timed to increase dramatically in 2007. (Many of the monthly payments will double)

So, how can we blame the Fed for the reckless and irresponsible behavior of the average homeowner?

Well, because they knew the effects of their "cheap money" policy every step of the way.

First of all, the Fed knew exactly where the money was going. Greenspan endorsed the shabby new lending-regime which put hundreds of billions of dollars in the hands of people who never should have qualified for mortgages. They were set up to fail just like the victims in the stock market scam who kept dumping their life savings in the NASDAQ when PE's were shooting through the stratosphere.

Secondly, the Fed knew that wages had actually regressed (2.3%) since Bush took office, so they knew that the soaring value of real estate was entirely predicated on debt not real wealth. In other words, home values increased because of the availability of cheap money which inevitably creates a buying-frenzy. It had nothing to do with real demand or growth in wages.

And, thirdly, according to the Fed's own figures, "the total amount of residential housing wealth in the US just about doubled between 1999 and 2006"up from $10.4 trillion to $20.4 trillion". Times Online.

UP $10 TRILLION IN 7 YEARS! That is the very definition of a humongous, economy-killing equity monster. In other words, the Fed knew the ACTUAL SIZE OF THE BUBBLE and chose to steer it towards the nearest iceberg without warning the public.

This is what Greenspan called "a little froth".

There is no real growth in the American economy. Figure it out. Last year Americans saved less than 0% of their net earnings while they borrowed a whopping $600 billion from their home equity to piss-away on a consumer spending-spree. Once home prices begin to retreat, that $600 billion will evaporate, real GDP will shrivel, and the economy will begin flat-lining. (Consumer spending is 70% of GDP)

The Federal Reserve's plan is so simple; we shouldn't dignify it by calling it a conspiracy. It's merely a matter of hypnotizing the masses with low interest rates while trillions of dollars of real wealth is diverted to corporate big-wigs and American plutocrats.

It might not be rocket science, but it worked like a charm.

Now, the trap-door has been sprung; the country is dead-broke and all the levers are in place for a police state. As the housing-balloon slowly limps towards earth, the new Halliburton detention centers are up and running, the National Guard is in Rummy's control, the Feds are able to listen-in on every phone call we make.

The noose is beginning to tighten.

New Orleans was just a dress rehearsal for the new world order; 300,000 million Americans reduced to grinding poverty while the economy explodes into sheets of flames.

Answer 9

try this while you wait it might help good luck
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