You’ve decided to sell your house and you’ve put it on the market, but 2 weeks pass with no viewings is there a problem?
So your house is on the market 2 weeks with no viewings, is there a problem? If your house has been on the market for 2 weeks with no viewings, it’s either over priced or you’ve chosen the wrong estate agent. The number one reason why houses don’t get viewings is because it’s priced out of the market. Which is the likely reason you have no viewings. Speak with your estate agent right away.
You should expect to get viewings on your home within the first few days of it listing with an estate agent. If not within the first few days, then certainly within the first couple of weeks.
The first few weeks of any house sale is the most critical time. It’s the time you should expect to get a flurry of interested buyers coming to your home.
But if you’re not getting any viewings on your house within these time-frames, then something is drastically wrong.
But either way, you need to look into why you’re not getting any viewings after the first two weeks of being listed. Go and visit your estate agent and ask them for feedback on your listing.
Ask what buyers are saying about your property when they see your listing. Take any feedback as constructive. If however, there’s been no interest in your listing whatsoever, this raises an immediate red flag.
You need to start asking the estate agent about how many buyers are coming through their doors. It might indicate a slow-down in the property market. But no matter what type of market you’re in, all houses will sell for the right price.
How many viewings should you have in the first week?
If you have chosen a decent estate agent who is very proactive, you should expect to get at least two viewings in the first week your house is listed.
But in a buoyant housing market or if your house is extremely sought after, expect to get 5-10 viewings in the first few days of being listed.
How many viewings should I expect on my house?
The number of viewings to expect on your house depends on whether your type of home is sought after and how buoyant the market is.
In general you should expect on average to get around two viewings per week in the first two to four weeks of being on the market.
The number of viewings should then fall off after the first 4 weeks.
How many viewings does it take to sell a house?
The average number of viewings to sell a house is 15 per sale. However, according to Yopa properties in the north of the country tend to need less viewings to sell vs houses in the south that need more.
For example, London requires up to 23 viewings to sell a house vs a in Carlisle houses need just 6 viewings to sell.
The quickest way to get more viewings out of any of the above options is to reduce the price. If your property is the most competitively price house of its type in its location, it’s going to attract the most buyers.
How soon should I expect to receive an offer on my house?
You should expect to receive an offer on your house in about 4-6 weeks from being listed on the market.
If you’ve not had any offers after this time you should speak to your estate agent about what’s going wrong.
Ask for feedback from your estate agent of the buyers who have viewed your property. Find out why no offers have been made.
Depending on the feedback from the estate agent, you should act accordingly.
What’s the quickest a house sale can go through?
On average most house sale transactions complete within 8-12 weeks after the offer is accepted and solicitors are instructed.
However, this can be quicker and can go through in 4-6 weeks from when the offer is accepted. For a quicker sale to happen the sale must be straightforward. It mustn’t be in a long sales-chain and both parties need to have pro-active solicitors working on the conveyancing.
But on the whole, the time taken to complete a house sale will vary depending on the circumstances.
House on market for a 4 weeks to a month no viewings
If your house has been on the market for 4 weeks or a month without any viewings, it’s likely you’re priced out of the market. Speak to your agent about dropping the price to attract buyers and prompt viewings.
If this has no effect you may need to consider changing your estate agent to one that’s more proactive in your area.
House on market 6 weeks no viewings
If your house has been on the market for 6 weeks without any viewings your house is definitely priced out of the market.
You’re in danger of your house sale going stale whereby buyers will begin to be concerned there’s something wrong with your house.
Speak to your agent about dropping the price to attract buyers and prompt viewings. But you may need to take your house off the market for a short time and list it afresh with another estate agent in a few months.
What are the problems caused by not having viewings within the first few weeks of being listed?
The biggest problem you face from not getting viewings within the first 2-4 weeks from first listing is the house sale going stale. Which is known as a stale-listing.
However, what may happen is you’ll begin to attract opportunists and investors who look for properties that are struggling to sell. These buyers will put in cheeky offers.
Stale listings generally sell for under market value.
What does it mean if a house has been on the market for a long time?
If a house has been on the market for a long time it generally means it’s over-priced. Properties with a high number of days on the market (DOM) are commonly referred to as stale listings. This simply means the house has been on the market for a long time.
Stale listings cause some buyers to think these homes are tainted in some way. Whilst others see it as an opportunity, as it gives them more bargaining power to get the house at under market value.
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What To Do If Your House Is On The Market For 2 Weeks With No Viewings
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Article written by Russell Bowyer who has been investing in property since purchasing his first commercial property in the 1990's for his own Chartered Accountancy business. But his first property investment project was to turn an old dilapidated restaurant into a large 5-bed home, which he purchased for £117,500 and sold for £450,000 (to see an "after" photo of the house before it was sold see here: About). Russell owns a number of investment properties, which includes houses, flats and HMO's. More recently he has turned his creative side to investing in property using lease options. His largest lease option deal to date was to acquire 12 properties worth over £2 million for just £12, which means he paid just £1 to acquire each property!
