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.

pricing-your-house

So what should you do?

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

FREE DOWNLOAD: House Didn’t Sell? Let’s Sell It This Time Fast!

YOUR TURN

Did you recently sell your home successfully because of proper pricing? Are you currently a home seller facing challenges selling? We want to hear about it! Sound off on the Patrick Parker Realty Facebook Page or on our Twitter or LinkedIn feeds. And don’t forget to subscribe to our monthly HOME ADVICE email newsletter for articles like this one delivered straight to your inbox.