So, here is the dilemma, if demand goes up so does the cost of money which makes it harder for a buyer to qualify for a loan. So even though the buyer pool increases that doesnâ€™t necessarily mean the number of buyers qualified to purchase your home increases.
All of the info in my response is speculation, none of it is as important as your goal, what you are trying to accomplish determines which path is best. Good luck,
NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. This answer is my personal opinion, has not been reviewed or approved by the company I work for. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.
Gary R. DeFilippo, JD, CFPS
Your pricing should not be based on homes sitting on the market. Pricing is based on SOLD homes in the same zip code, same school district and preferably in the same neighborhood.
I love marketing homes in the winter; only serious buyers are out. Homes that are priced right will sell. Showings must be easily accomplished; if it is difficult to show, the Realtors will not fight to get in, nor will the buyers.
I suggest you do a couple of inexpensive updates. Removing wallpaper and painting a wall is not a huge item, but can make a huge difference. If you have hardwood floors, pull the carpet up and have the floors sanded and polyurethaned if needed. This will also make a huge difference.
Remove excess furniture, pack up too many odds and ends and store them in your basement or start giving away, throwing away of selling items you really don't want to move around or store.
Take down any religious items and remove family photos....minimize and simplify. You will be fine!