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House Hasn’t Sold Yet? Take Another Look at Your Price!

House Hasn't Sold Yet? Take Another Look at Your Price! | Simplifying The Market

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 summer as many real estate professionals are reporting bidding wars with listings actually 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.

House Hasn't Sold Yet? Take Another Look at Your Price! | Simplifying The Market

Bottom Line

The housing market is hot. If you are not seeing results you want, sit down with your agent and revisit the pricing conversation.

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About Bradley Newton- RE/MAX Agent

Providing personalized real estate services to clients looking to buy, sell or invest in real estate. Exceeding expectations with on-going support and communication throughout the entire process. Serving your housing and business needs in Monroe County area and surrounding counties. Look to me to assist you in obtaining your real estate goals. OPENING DOORS- FULFILLING DREAMS

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