Does Your Home Need a Price Reduction?
The residential housing market is hot. Home sales are now at their second highest pace since February 2007. Buyer demand has remained strong throughout the summer. Many listing agents are seeing bidding wars with multiple offers above list price. What about your house?
If your house hasn’t sold, it could be priced too high.
If your home is on the market for 14 or more days and you are not receiving any offers, re-evaluate your price. Pricing your home just 10% above market value dramatically cuts the number of prospective buyers who will even see your house.
Real Estate Bottom Line
Homes are selling. If you are not seeing results you want, sit down with your agent and have another pricing conversation.