If Your House Has Not Sold Check The Price

Dated: 01/09/2017

Views: 86

If Your Home Hasn’t Sold Yet… Check the Price! | Simplifying The Market

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.

 

If Your Home Hasn’t Sold Yet… Check the Price! | Simplifying The Market

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

You Need An Agent Who Will Always Put You First

You Need an Agent Who Will Always Put You FirstWhether you are a rookie homebuyer or have gone through the process many times, having a local real estate expert who is well versed in the

Read More

The Number One Reason To Put Your House On The Market Today

The #1 Reason to Put Your House on The Market TODAY!The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that

Read More

Americans Rank Real Estate Best Investment For 5 Years Running

Americans Rank Real Estate Best Investment for 5 Years Running! [INFOGRAPHIC]Some Highlights: Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long

Read More

4 Reasons Why We Are Not Heading Toward Another Housing Bubble

4 Reasons Why We Are Not Heading Toward Another Housing BubbleWith home prices continuing to appreciate above historic levels, some are concerned that we may be heading for another housing ‘boom &

Read More