Location, Location, Location & Pricing, Pricing, Pricing...these are just 2 important factors in selling your property. I view the markets as always being a buyers market. They are the ones that push prices up and bring them down. Sellers simply react to what buyers are doing. SOOOO, if a seller's property isn't selling, then, the seller needs to schedule time with their Realtor® to discuss make adjustments to the marketing of the property and ways to make their property more appealing to the buyer pool. MANY times this mean adjusting the listing price downwards.
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.
The housing market is hot. If you are not seeing the results you want, sit down with your agent and revisit the pricing conversation .