Steps to take if you haven’t received any offers
TLDR: If two weeks go by OR you have ten showings OR you have ten people walk through an open house and you still have no offers, your property is priced too high.
What do I do if I haven't received an offer?
If you've been marketing your house for a while and haven't received any offers, go back to Step 1 and read about Deciding on a Sales Price. Pricing your house appropriately will have the biggest impact on getting it sold. Price it too high and it could sit on the market for the rest of eternity, but keep this in mind: At some price between what you’re asking and $0, your house will sell.
Tip #1: When to Lower the List Price
The general rule is this: if two weeks go by OR you have ten showings OR you have ten people walk through an open house and you still have no offers, your property is priced too high.
Tip #2: Find a Creative Solution
If your home isn't selling, you can get creative. If the buyers who walk through are offering feedback on how they dislike the style of the master bathroom, offer a $5,000 credit to redo the master bathroom. While reducing the price by $5,000 would effectively net you the same amount as offering a $5,000 credit for repairs or improvements, it may attract buyers who wouldn't otherwise have the cash to redo a bathroom after closing.