Sellers want feedback

sculptures in Landmark Plaza along St. Peter street

Home sellers like to get feedback. They want to know what buyers are saying. Most sellers do not take buyer observations too seriously but some do. Sellers should always keep in mind that the buyers agent is representing the buyer and does not have any duties to the seller and some won’t give feedback at all.

I generally won’t give an opinion on the price to another agents client. If I am representing buyers and I suggest a home is priced just right and those buyers make an offer that is less than the asking price I just weakened their negotiating position. I regard the buyers opinion about the price as confidential and usually leave the question blank on the feedback surveys I get after I show houses.

There are some important questions sellers should ask their agents if they want to know how well their home is doing. They should ask what the average days on the market is for a homes like their in the same neighborhood that have been recently sold. They can also ask for the total number of showings they have had and what the average number of showings are before a home gets an offer.

These days even over priced homes will get a lot of showings, especially on the weekends but they have an above average number of showings before they get an offer.

The numbers in the screen print are for January in St. Paul:

days on market and number of showings
days on market and number of showings

I like actual numbers and facts and figures.