With fewer home buyers, the days on market has increased as has the absorption rate.  It's taking much longer to sell homes on the market than it did 4 years ago or even last year.  This doesn't mean your home will not sell or that you'll have to make drastic price cuts in order to make it happen.  It simply means that your home has to be properly positioned in the current market inventory.  More expensive homes will take longer to sell than those priced in the first time home buyers price range.  As we have said repeatedly, your home must be priced at "fair market value" and must win the "beauty contest".  It's pretty simple, yet many sellers are either ill advised or have expectations that don't coincide with current market conditions.  Make sure to consult a professional realtor so that you can position your home to sell!

 
Post is included in group: anythinggoes
Post is included in group: Keller Williams Active Rain Bloggers
Post is included in group: LATE NIGHT - EARLY MORNING AT ACTIVERAIN
Post is included in group: The Lounge at Active Rain

5 Comments on Why has my home not sold?

SEP
14
2009
650,291 Points Localism Sponsor Outside Blog

At the right price a home will sell-- we see home sellers just "hoping" they can get a certain price -- but the market will pass them by if not priced well. Our 2 cents -- all the best.
1:13am • #1
338,355 Points

Appreciate all the cents you are willing to offer.  Thanks for stopping by!
6:32pm • #2
SEP
16
2009
156,735 Points

Yvette and Dennis: You two are so right. If a listing is not priced right it will just sit on the market. Good post.
11:15pm • #3
SEP
17
2009
308,789 Points 11 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Yvette & Dennis,

More than ever the seller's really need the help of their Realtor to put them in the market not on the market!
9:14am • #4
SEP
18
2009
341,053 Points 17 Featured Posts Called Shot Master

I like the part about winning the beauty contest.  Luckily our days on market has reduced here in Oakville.  We are averaging 41 days and the number of sales over the past 4 months have surpassed the same months last year.
10:49pm • #5


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Gardner_d_y_2-05_004

Yvette & Dennis Gardner

Spartanburg, SC

More about me…

Keller Williams Realty, Spartanburg, SC

Address: 245 E. Blackstock Road, Spartanburg, SC, 29301

Office Phone: (864) 574-6000

Cell Phone: (864) 706-3669

Email Me



Links

Archives

RSS 2.0 Feed for this blog