There are real reasons your home didn't sell!
THE IMPORTANCE OF PRIICING
PRICING IS EVERYTHING!!!
Was your property priced within 5% of market value?...
If not you may have missed a lot of buyers. See the figures below.
Priced 15% above market value= only 10% find a buyer!
Priced 10% above market value= only 30% find a buyer!
Priced within 5% of the market=60% find a buyer!
Priced 10% below market value= 75% a buyer!
Priced 15% below market value= 90% find a buyer!
WHY IS PRICING SO IMPORTANT
- More buyers purchase their home at market value than above market value
- Priced too high your losing buyers.
- If you price too low your losing money.
SELLING PRICE VS. TIMING
- Timiming is extremly important in the real estate market.
- A property attracts the most excitement and interest when it is first listed.
- Starting at a high listing point so you can come down later is a huge mistake because you miss out on the buyers who would see your property when exposure is at the maximum.
STAYING OUT OF THE RED!
Price your home correctly in the beginning and you will walk away with more money.
The National Association of Realtors compiled some interesting statistics.
Here is what they found that shows the differences between asking price and selling price over time.
- Month 1 - seller nets: -3%
- Month 2 - seller nets: -5.1%
- Month 4-6 seller nets: -6.7%
- Month 6+ - seller nets: -15.2%
It is a fact properly priced homes sell faster and for more money during the first weeks of the listing. Don't miss your prime marketing period by setting a price higher than justified by the competitive market evaluation. You risk the possibility of it selling for even less later!
I specialize in getting property SOLD. If you had your home on the market but it didn't sell then I need to talk to you! There are many reasons a home might not sell. Pricing is just the beginning and most common reason. If you call me today for an appointment I will come out to take a look at your home to determine why it didn't sell and then put into action a plan to get is SOLD!
If you would like to schedule an appointment with me to view your property please fill out the form below.
