Translating Feedback

Written by Posted On Sunday, 10 September 2006 17:00

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.
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