There is always a reason...... The general rule of thumb to follow when selling property is:
If you are not getting showings.....lower the price
If you are getting showings but no offers.....lower the price
If you are getting offers but no sale......lower the price
This is fairly simple, very accurate but often difficult to accept......
If it is sold comps .. how recent are they? If they are recent... there is surely a reason. Is your agent a full service agent... do you know what they are offering as compensation to other agents etc? In regards to the feedback ... it's not often that buyers give the true reason they're not buying...i.e. they don't say there's a funny smell from the cooking, or that contemporary furniture looks terrible to them etc.
Or you may need to push your agent for more relevant feedback ....
~we do have a realtor through remax
~we are never present for showings
~our house is priced 10 k below comps
~there is nothing wrong with our home, never any problems
~neutral decor, no pets, turnkey
we are currently listed at 260k.
Please more feedback!
You are overpriced. Have a local agent pull most recent sales and price your house accordingly. Most sellers think their home is worth more than it is. You are not alone, but when an agent shows you proof of what the homes are selling for she/he is not lying to you. He/she is the expert and you really should listen to what they are suggesting. The longer a home stays on the market, buyers start to question if there is something wrong with it.
The Seller has a preconceived notion of what their house is worth, and that is what it gets listed for. PERIOD!
Then, three to six months later, we see the PRICE REDUCED, slowly, in steps.
I coined the term; CHASING THE CURVE.
(Surely, I was the first to say this.)
Then, the potential Buyers start asking, WHAT'S WRONG WITH IT?
The damage is done; the DOM (days on the market) and the price reductions are there for all to see.
We are seeing a reduction in the DOM, in many areas, for agressively priced houses.
Good luck and may God bless
If you have had no offers after a year then you are overpriced.
I suggest that you have a local real estate agent go over a comparative market analysis to show you what similar homes to yours have recently sold for in your neighborhood and then price your home accordingly.
Prudential Connecticut Realty