That does seem to be a common question from home sellers.
Finding the right answer begins with the analysis completed by your agent regarding market activity in your area. Based on that data you would be able to project the activity level of your home.
Be aware, this is a multi-dimensional analysis.
Let's assume the data suggests there are 100 active buyers for homes like yours in your area. Based on the hierarchy of home search activity your home should have received a volume of activity that is a multiple of that number through effective marketing channels. Assuming this to be true (the marketing is effective)...the active buyers ARE seeing your home but have rejected the option to come to your address to see it. You may need to re-evaluate your value position.
The reality may be, based on historical data, your home IS receiving the appropriate activity. Consult your real estate professional regarding the marketing results. Perhaps patience is need or your situation has changed and you need to manipulate the timeline. Your agent will present you with the options available.
Agents of singular dimension will readily point out if you lower the price sufficiently, anything will sell. This approach may not be the best option for guarding your hard earned equity. Let the data speak for itself and don't even entertain the thought you will be able to sell your home in defiance of what the historical data reveals.
More data is needed.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, FL
With interest rates historically low, I would strongly suggest you seriously consider purchasing a home rather than renting one. Of course this depends on your financial situation, credit score, down payment and job security. I recently did a few blogs pertaining to this topic and will attach for your review. Best of luck to you.
Hi Joe -
Home sales are slower in general, I think you know that.
But, what I do kow that homes that are priced correctly will sell, regardless of the economy and such.
Is is like anything else. Believe it or not, there are still a lot of home selers that are hanging onto 2004 -2005 pricing.
Your Realtor should have the market comps and knowledge of the area to come and discuss the actual pricing, not a number to get your home listed. If it is priced correctly it will sell.... more
A realtor can put anything there. As stated before, some put zero, others put up to a year. And it is void if you relist with another broker. This term after expiration, as with everything else, can be negotiated. Hope this helps :)
Jillian Mason... more
Hi Joanne. Are you talking about the clause that states that after so many days after your listing expires, if someone who saw the home during the time it was listed decides to buy the home, he is due a commission? Just an FYI, I usually put 6 months on that so that I am covered for a full six months and some agents put a year. If you list with another broker, this becomes null and void for him though so he will not get paid. If you need further explanation or still want to get your home sold, call me. I don't list homes, I sell them!
Orange Key Realty
Freehold, NJ 07728
E-mail: email@example.com... more