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Kathy S. Koops GRI

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Experts Say If Your Home Hasn’t Sold Yet… Check the Price!

filed under: Real Estate posted on January 10th, 2017

icon depicting cost of housingAccording to Keeping Current Matters the residential housing market has been hot. In a detailed article which highlights home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand has remained strong throughout the winter as many real estate professionals are reporting bidding wars with many homes selling above listing price. What about your house?

If your house hasn’t sold, it is probably because of the price.

If your home is on the market and you are not receiving any offers, look at your price. Pricing your home just 10% above market value dramatically cuts the number of prospective buyers that will even see your house. See chart below.

Graph from Keeping Current Matters

If Your Home Hasn’t Sold Yet… Check the Price! | Simplifying The Market

Bottom Line

The housing market is hot. If you are not seeing the results you want, sit down with your agent and revisit the pricing conversation.
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