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Home Selling in 61265 : Real Estate Advice

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Tue May 6, 2014
Annette Lawrence answered:
Twin in Moline,
This is were knowing the stats for the local market is ESSENTIAL.

For instance if only one home similar to yours, in your community, near your price point sells every month throughout the year, your experience MAY not be exceptional.

Now, here is where it gets tricky. If the level two showings (using the example above) are 10 or more per month, you can be assured all the interested buyers DID see your home and rejected it. That means the one buyer found another home to buy instead of yours.

Now it the time to analyze what has been selling in your area with similar attributes and what has been selling at the same price point. What made these homes superior to your in the eyes of the buyer? Does the message align with the target buyer?

After this analysis you may find the problem has nothing to do with the price but perhaps the condition, color or perceived obstacles to buying your home.

Or you can REDUCE THE PRICE. That action seems to overcome all deficiencies.....at your expense.

Time to confer with your REALTOR and do the homework.
Best of success,
Annette Lawrence, Broker/Associate
Remax
727.4204041
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