At our weekly sales meetings this has been an ongoing question asked by my broker, one we are supposed to ask our sellers when the home they listed with us just doesnt seem to be getting any interest....mostly because of price.  I think this is a fair question, because if you think of their motivation, they really are either motivated to move on or stay where they are at correct?

We are even given a bar graph chart to show them the past 4 years sales history on inventory, what has sold and what is on the market.  When looking at this chart it really hits home the reality of todays market.  Weekly we are asked if we have posed this question to our sellers...I have not, others have and some say it has worked, others say their sellers are still not quite getting it, or the reality of what is going on today.  It's really amazing how the buyers are "waiting it out",  are our sellers not listening to the same news as our buyers? 

 Though our prices here have not fallen dramatically, they were never high to begin with, we certainly have had a slowdown of potential buyers.  So in today's market, pricing a home correctly for condition is the only way your home is going to sell!  Your pool of buyers has been reduced, so you need to get them in the door and WOW them.  Just becuase the Smith's 2 doors down got what they did 8 months ago, and thier home wasnt nearly as "nice" as yours doesn't mean the market will hold what you want to get for your home now.

 I tried to insert the bar graph on here and it wouldn't show up so here is the link...check it out!

www.mywhtd.com/intranet/agenttools/doyouwanttostayorsell.pdf