House Hasn’t Sold Yet? Take Another Look at the Price

By
Real Estate Agent with LUXE Estates & Lifestyles NV Lic #S.70381

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 remains strong going into the winter. Many real estate professionals are reporting that multiple offers are occurring regularly and listings are actually selling above listing price. What about your house?

If your house hasn’t sold, it is probably 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)

Proper Pricing Pyramid | Simplifying The Market

Bottom Line

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

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Kristine Dugan    REALTOR® | Certified Residential Specialist    
Luxe Estates & Lifestyles    Keller Williams Coastal Estates    
m. 702.332.7781   | NV DRE 70381  CalBRE 01958282  
e. info@KristineDugan.com   | w. www.KristineDugan.com      
Recognized. Respected. Recommended.      
 
               
 
 
 
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Topic:
Home Selling
Tags:
pricing your home to sell
housing market
offers
market value
housing market is hot
pricing conversation

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Rainmaker
509,429
Michele Connors
The Overton Group, LLC Pitt & Carteret County - Greenville, NC
Your Eastern North Carolina Realtor

Oh the nail on head moment here ! So true, price is almost always the driving force.... 

Nov 13, 2015 02:28 AM #1
Rainmaker
509,429
Michele Connors
The Overton Group, LLC Pitt & Carteret County - Greenville, NC
Your Eastern North Carolina Realtor

BTW, welcome to active rain--- I look forward to learning more about you and reading your posts !

Nov 13, 2015 02:28 AM #2
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Rainer
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Kristine Dugan

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