Ok. Chelle. You have to look at your home through a Buyer's eyes now. There are 5 things which are going to affect the sale of your property: Price, Terms, Location, Condition, Marketing. There is only one more thing, Seller Motivation. That's covered. In the present market, you have to carefully consider how you initially present your property to the market. We would suggest examining your competition first. In doing so, you will gain an understanding of competing homes and how best to set yourself apart. Next, pre-package your property to sell. Pre-inspect, and if possible complete any repairs; Pre-survey; Pre-appraise. Now of these items, the appraisal is perishable. But, with the appraisal, you will at least have a bona fide written documentation to support pricing. In other words, prepare. Remember the rule of the seven P's: Proper Planning and Preparation Prevents P*** Poor Performance. I hope this helps you and be sure to choose a qualified Realtor. Bigger is not always better.... more
The sad reality is that if your home has been on the market without interest, it's a very good indication of the need for a price adjustment.
Our recommendation is to get with your agent and request the most recent sales information for homes that have sold in your neighborhood. This should provide you with a general direction for pricing your home so that is is "in step" with the current local market trend.