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

By
Real Estate Agent with RE/MAX Preferred Realty

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.

by 

Courtesy of Greenville NC Real Estate Expert Liz Freeman.   

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Home Selling
Tags:
home prices
homeowners
home selling
selling a house
home pricing
sellers
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liz freeman

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Rainmaker
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The Scott Loper Team Bux-Mont Premier Properties
Keller Williams Real Estate - Montgomeryville - Lansdale, PA

Great advice!

Jan 11, 2017 06:50 AM #1
Rainmaker
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Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Liz, I agree with your thoughts.. in most cases, it is the price that prevents the home from selling.  Over the past several years though, we have been experiencing a shortage of inventory, so there are multiple offers going on all the time, and it seems no matter what the list price is, it sells over asking price...

Jan 11, 2017 06:53 AM #2
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Rainmaker
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Liz Freeman

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