If It Hasnt Sold Yet Check The Price

Dated: January 9 2017

Views: 53

If Your Home Hasn't Sold Yet... Check the Price! | Keeping Current MattersThe 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.   

Want to Advertise on this Site?

Latest Blog Posts

Will Forbearance Plans Lead To A Foreclosure Wave

At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their

Read More

3 Must Do Things When Selling Your House This Year

It’s exciting to put a house on the market and to think about making new memories in new spaces. However, despite the anticipation of what’s to come, we can still have deep sentimental

Read More

Your House May Be High On The Buyer Wish List This Holiday Season

Around this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who already have their homes on the market remove their listings until the

Read More

Do You Have Enough Money Saved For A Down Payment

One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a

Read More