What Is Your Showing to Offer Ratio?
Your showing to offer ratio can help you decide how to respond in various situations when selling your home. I simply mean how many showings have you had and how does that compare to how many offers you have.
Useful takeaways from this story.
Your showing to offer ratio can help you decide how to respond in various situations when selling your home.
I simply mean how many showings have you had and how does that compare to how many offers you have.
Keep your showing to offer ratio in mind when deciding how to think about showings that are yet to take place when you have an offer...
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The useful part
Your showing to offer ratio can help you decide how to respond in various situations when selling your home. I simply mean how many showings have you had and how does that compare to how many offers you have. If you have a 15:1 showing to offer ratio (you've had 15 showings and only one offer) then you probably don't need to wait for that one last showing to see if the 16th buyer wants to make an offer.
How it works
- If you have a 3:2 showing to offer ratio (six showings, four offers) then you might decide to wait and see if that 7th buyer wants to make an offer too.
- If you have a 1:1 showing to offer ratio (one showing, one offer) you might wait for that second showing...
- Keep your showing to offer ratio in mind when deciding how to think about showings that are yet to take place when you have an offer...
Details worth keeping
Have you had four showings and you now have two offers? Here's an example of how this can inform some of your decision making... You receive a strong offer but you have another showing tomorrow...
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