Just listed your home! Great!, the usually most exciting time for home owners, buyers and agents alike, and then, you have very few showings or none at all, buyers are not interested and excited and obviously the agents can’t get their buyers in, these are few of the high home price clues.
A lots of lookers ask to view it but no offers.
You had a slew of potential buyers go through your home, which by the way, after a while it becomes very disruptive and discouraging for the home owner but, none of these people its exciting enough to make an offer, then, you must analyze with your agent your situation based on feedback your own agent is gathering from the showing agents about your home and price might only be one of the reasons no buyers are getting excited enough about your home to make an offer.
Home is not selling and way beyond average days on the market.
Ask your real estate agent about the average number of days it takes to sell a home in your market. If the answer is 40 and you’re pushing 60, the price may be affecting the interest of not just buyers but, also agents alike also uncovering a high home price clue. When a home sits on the market, buyers can begin to wonder if there’s something wrong with it, which can delay a sale even further. Consider lowering your asking price. If you lower your price to an acceptable level most likely you’ll see a renewed interest in your home and if this reduction is perhaps even slightly more generous that you’d feel comfortable with, soon you’ll start realizing it was the best decision.
Must sell home by.
Normally, we as home owners, tend to think in terms of what we need and/or want, research indicates homes sell based on what buyers are willing to spend on comparable sales in your immediate market area, If you’ve got to sell soon because of a job transfer, already purchased another home or any other personal reason, it may be necessary to generate buyer interest by dropping your price so your home is a little lower priced than comparable homes in your area. Remember: It’s not how much money you need that determines the sale price of your home, it’s how much money a buyer is willing to spend.
Unable to make repairs/upgrades.
Maybe you’re plum out of cash and don’t have the funds to put fresh paint on the walls, clean the carpets, and add curb appeal. But the feedback your agent is reporting from buyers is that your home isn’t as well-appointed as similarly priced homes. When your home has been on the market longer than comparable homes in better condition, it’s time to accept that buyers expect to pay less for a home that doesn’t show as well as others.
Has your market changed.
Checking your market area for changes (new listings, average days on the market, new pre or foreclosed home, If any, short sales, etc) could have an impact on your home not selling, if weeks go by with no offers, continue to check out the competition, comparable homes sold, pending and what’s still on the market? What new listings have been added since you listed your home for sale? If comparable home sales or new listings show your price is too steep, a price reduction is imperative and be aware of the indicators or clues high home price.
Is your home being marketed effectively?.
Marketing your home effectively involve working closely with your agent in creating a thorough plan to effectively launch your home in the market and present it to the most and best possible prospects that would most likely purchase your home, which requires a comprehensive strategy of traditional and modern innovative marketing methods that will guarantee the results you expect.
