If Your Home Hasn’t Sold Yet… Check the Price!

By
Mortgage and Lending with The Christian Penner Mortgage Team NMLS# 368289

If Your Home Hasn’t Sold Yet… Check the Price!

If Your Home Hasn’t Sold Yet… Check the Price!

The residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand has remained strong throughout the winter as many real estate professionals are reporting bidding wars with many homes selling above listing price. What about your house?

If your house hasn’t sold, it is probably because of the price.

If your home is on the market and you are not receiving any offers, look at your price. Pricing your home just 10% above market value dramatically cuts the number of prospective buyers that will even see your house. See chart below.

If Your Home Hasn’t Sold Yet… Check the Price! | Keeping Current Matters

Bottom Line

The housing market is hot. If you are not seeing the results you want, sit down with your agent and revisit the pricing conversation.

 

 

Read from source..>>

 

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Questions, Comments or For more information you can contact Christian Penner at: Call/Text: (561) 373-0987 or visit us online at www.ChristianPenner.com

The Christian Penner Mortgage Team, A Branch of 
American Financial Network, Inc

CORP NMLS# 237341 ; Equal Opportunity Employer ; Equal Opportunity Lender American Financial Network, Inc. 10 Pointe Drive, Suite 330, Brea, CA 92821.

Call/Text: (561) 373-0987


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Rainmaker
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Bruce Hicks
Best Homes Hawaii - Honolulu, HI
Your Lifetime Friend/Helper!

The pricing pyramid is always a good graphic, but even at that, some owners, don't get it.  After having a property on the market for 3 months and doing 4 price lowering adjustments, we finally got a buyer in escrow.  After 45 days in escrow, we are ready to close.  On the way to signing, the seller says, "do you think you set the price too low and we sold it too quickly?  Sometimes, No Can Win Christian Penner

Jan 09, 2017 05:25 PM #1
Rainmaker
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Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

I didn't expect to see much in this article because the headline seemed so obvious. Thanks for the nice surprise!

Jan 09, 2017 07:58 PM #2
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Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
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Family Helping Families Buy & Sell Homes 40+ Years

I've seen a similar triange but data points were different-it takes at least 30% below market price to get 95% of market audience's attention.

Jan 10, 2017 12:16 AM #3
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Rainer
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