improvement, so that your home may show better, if the feedback is about something you cannot change, then there is only the price left, but if some staging, removing or moving around of furniture, could show the home to be larger and if a few walls of en vogue colors may make a big impact and
show it as more updated, then I would certainly do those things first, change the price only slightly,
and let everyone on the listing sheet know that come and see our newly painted, or staged or whatever
it is that you can do to attract agent and their clients to want to see it. New photos on the multiple listing service and other website then can also help....
So do some brainstorming with your Realtor, what it is that you can do with not too much expense that
may make your home more attractive, then there is always the price drop....
Good Luck to you
Good Luck to you
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Rule of thumb:
if the house is not showing, it is priced too high.
if the house is showing, but not offers, it is priced too high.
if the house receives low offers...start negotiating.
Do not compare your asking price with that of others. The ONLY prices that have any meaning at all, are sales of similar properties within the same zip and school district (preferably no more than 1 mile from you) that sold within the last 90 days.
Sellers can ask whatever they want....that price is truly meaningless and may only manage to keep buyers away.
Listen to your Realtor.
I agree with Kathy. Has the weather been a factor in your area lately? If your real estate market is one that thrives mostly in the spring and summer months, you may just be experiencing a seasonal slow down. I would first ask my agent for some data on your local market such as number of months of inventory, average days on the market, number of competing listings in your area, etc. This might help you to make more of an informed decision before lowering your price.
Best of luck to you!
There are several things the realtor should be doing to constantly promote the property outside of open houses. I strongly believe if a property is priced competitively, at least 1 serious offer should be made on the home in 60 days. It is still early in the process. Do not panic yet.