If you're getting many viewings but no offers on a property, what's a good next step?

When a property is receiving many viewings but not generating any offers, seeking feedback from buyers' agents is a constructive next step. This feedback can provide valuable insights into why potential buyers are hesitant to make an offer. Understanding their perspective can reveal specific concerns about the property, such as condition, pricing, or features that may not meet their needs or expectations.

If agents indicate that the price is too high or there are issues that could be addressed to increase interest, this information can help guide any necessary adjustments to the property's marketing strategy or condition. Engaging with the agents who have shown the property demonstrates a willingness to listen and adapt, which can help in crafting a plan that aligns better with potential buyers' desires.

In contrast, immediately lowering the asking price without understanding buyer feedback may not address the real issues and could lead to undervaluing the property unnecessarily. Stopping showings would limit exposure and potential buyer interest, and simply increasing advertising efforts without addressing the underlying reasons for the lack of offers might not yield better results. Thus, gathering feedback is a proactive and informed approach to clarify next steps in the sales process.