A question I got on the internet I thought I would share..
Our home has been on the market since July 7, 2008, we have had 5 buyers come through, it is now Jan. 09, do we quit trying or what else can we do, we are building a home that will be ready in about two months, we really want to sell, and according to stats, it is not priced too high, is this just the market now?
It doesn't matter what the statistics say. It doesn't matter what you think your place is worth. It doesn't matter what the most skillful appraiser concludes your market value is. It doesn't matter what price your agent recommends. It doesn't really matter what kind of market it is right now either.
In the end, only one thing matters...... The value of your house is determined by the buying public, and they've had six months to vote that the place isn't worth what you're asking.
Pay attention to what buyers are saying. What feedback they present..after all, maybe its not the price, but something wrong inside your house. No matter what your market is like, some houses are selling.
Take a good look at what else is on the market that your buyers are also looking at. This can be an gauge for what to do. Most likely, its time to reduce the price....before the house is vacant & your carrying two mortgages!
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