Why Your Home Has Not Sold

The way the market has been going it appears that we have continued and will continue for sometime to be in a "buyers market."  What does a "buyers market" mean?  A buyers market happens when there is more supply than demand.  When there is more supply than demand, the market prices are driven down.  Right now there is about 8 homes on the market for every one buyer.  This means when your home gets a showing that buyer is probably looking at several other homes.  If within the first 30-60 days there is less than 8-10 showings the price may need to be adjusted.  The longer the home sits on the market, the more buyers start to speculate what is wrong with the home.  When the home is shown, the property should be well staged and maintained and priced accordingly.  There are still plenty of homes that are selling, they just need to be priced well and in great condition.