The residential housing market has been hot. Home sales have bounced back solidly and demand has remained strong throughout spring and summer. 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.
Price is the most important factor of your home when you are looking for exposure to sell your home. The market doesn't lie, therefore, the price that you HOPE your home will sell for and the price the market says your home will sell for may not always coincide. Unfortunately, there is a system behind determining your homes value and if you want it to sell quickly, it's important to take your Realtors' advice.
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.
If you are not happy with the results you are seeing, contact me when your current listing contract expires and I will be happy to assist you! 239-994-3681