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

By
Real Estate Agent with Berkshire Hathaway HomeServices Amabassador Real Estate #20090176 & #20090177
If Your Home Hasn’t Sold Yet… Definitely Check the Price! | MyKCM

The residential housing market has been hot. Home sales have bounced back solidly and are now at their fourth highest pace over the past year. Demand has remained strong ­throughout spring 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 could be 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… Definitely Check the Price! | MyKCM

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.

Comments (3)

Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

Great post you are right; in order, to sell the price has to be right. Thanks for sharing I hope you have a great day.

Mar 08, 2018 06:55 AM
Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Yes, no one wants to pay more than the neighbors did for their home unless the home is truly unique in some way justifying the higher price. Thanks for sharing.

Mar 08, 2018 07:50 AM
June Piper-Brandon
Houwzer Inc - Baltimore, MD
Piecing Dreams One Home at a Time

Everyone says it's location location location but every home will sell if it is priced right no matter where it is. 

Mar 08, 2018 08:40 PM