Selling your home or property in a slow real estate market isn’t easy, but it can be done. Pricing your property right is the key to selling it within a reasonable amount of time.
Sometimes this means lowering your price while it’s on the market. Of course, you want to get as much money as possible, so how do you know when it’s time to lower your asking price?
No One Is Looking At Your Home
If you expect your home to sell, you need to have people look inside it. Most buyers search for homes within a certain price range. If you aren’t getting any showings, chances are it’s because your home is overpriced compared to other homes in the area. In this case, you may need to lower your price so buyers will look at your home.
Comparable Homes Are Selling For Less
Your home will sell for whatever a buyer is willing to pay for it. If the homes around you are selling for less than your asking price, it may be time to lower it. No one is going to pay more for your home when they can get the same thing for less.
Pay attention to what homes are selling for in your community and adjust your price accordingly.
You Are Getting A Lot Of Negative Feedback
Buyers are a great source of information about other homes in your price range. After all, they’re spending their free time looking at countless homes similar to yours.
Your real estate agent can find out exactly what buyers think of your home. Perhaps homes comparable to yours have updated kitchens or more attractive landscaping. With this knowledge, you can choose to either remodel or lower your price.
Call or email me if you have any questions. I can help you sell your home or property in any real estate market.
Burglaries are a concern for many North Americans. Although some communities report more break ins than others, everyone should be aware of their home’s safety and security. Protecting yourself and your home from thieves can contribute to a better quality of life.
Building a tree house is a time honored tradition for many families. One of the benefits of having a yard is the ability to build a tree fort for your children.
Last week’s economic news was fairly quiet due to the Memorial Day holiday on Monday and no scheduled news released on Wednesday.
Whether you’re sprucing up your house to sell or simply looking for a color to bring out the beauty of your home, it’s imperative that you do your homework.
Each year around April, we can find ourselves becoming a little more tense at the thought of what is about to occur: tax time.
April’s meeting of the Fed’s Federal Open Market Committee was held along with the Board of Governors of the Federal Reserve System.
Last week’s economic news was dominated by speeches given by Federal Reserve presidents, the minutes from April’s FOMC meeting and commencement address given by Fed Chair Janet Yellen. The latest readings for new and existing home sales were also released.
Homeowners who want to increase the appeal of their residence before putting it up for sale can, within a few hours and with a little elbow grease, perform some do-it-yourself (DIY) kitchen upgrades that are sure to pique the interest of would-be buyers.