As anyone with an expired MLS listing or seven-month stay on the market will tell you, there are a number of reasons your home may not sell. A home may not be in a great location, it may not show very well, it may pale in comparison to other similar homes in the area and it may simply not garner the level of interest it needs to see an offer. Simply put, there are enough potential barriers to a real estate sale already inherent to the process without adding a seller’s desire for a particular sales price into the mix.
Understanding that can greatly reduce a seller’s stubbornness in sticking to a particular price point as any seller has the goal of a timely transaction in mind. Sticking to an unwieldy price for real estate will only elongate the process, delaying a subsequent move and perhaps putting undue strain on a process that can already create a great deal of stress in the minds of some sellers.
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