A few days ago I received an email from a lady who asked me, "Why hasn't my home sold yet?" She asked me that even though she has her house on the market with another Realtor. Her question expressed some frustration. I discovered that she had received one offer on the home but it was still not sold. She had reduced the price a couple of times but nothing seems to be happening. So she asked me for some advice.
I am happy to assist anyone with the marketing of their home but to assess what is going on with the marketing of a specific home without seeing it or knowing what work has been done is impossible. As the home is currently listed with another Realtor, I would not like to comment on what work has been done. So I had to answer her in general terms. 
In general terms I can say that the market is subject to change at any time. It ebbs and flows depending on the supply and demand. One thing that I note is that most people want to sell their home in spring and summer when the gardens are showing their best. That means that more listings are competing with each other at that time of year.
It is not uncommon to see price reductions during the summer as a result. As homes take longer to sell, some sellers will drop their price to make sure theirs gets sold this year. This leads to others dropping their price and soon the market begins to show some weakness.
In times like these, one thing that sellers need besides a good marketing strategy is some patience. Selling a home can take longer now than in the winter and early spring when buyers find there is little to choose from. So as long as you have a good marketing plan, are willing to adjust your expectations to the market, and exercise a little patience, your home will sell. However, if any of these things are lacking you may find it difficult to get your home sold. If there is anything I can do to assist you, don't hesitate to ask.
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About the Author: R. Greg Osmond is a Platinum Award winning Realtor dedicated to serving the people of St. John's, Mount Pearl, Paradise, Kilbride, Goulds, Conception Bay South (CBS), Portugal Cove-St. Philips, Torbay- Flatrock- Pouch Cove, and Logy Bay - Middle Cove - Outer Cove, Newfoundland and Labrador. For over 21 years Greg has been practicing in Real Estate. He can be reached at 709-895-2500.
Want to get in touch? Email rgosmond1@gmail.com. For more information, please visit http://www.rgregosmond.com. Thinking of selling your home? I have a passion for helping my clients with buying and selling real estate! If there is any way I can be of service to you today, please feel free to contact me!
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