House Hasn’t Sold Yet? Take Another Look at the Price
» » House Hasn’t Sold Yet? Take Another Look at the Price

House Hasn’t Sold Yet? Take Another Look at the Price

posted in: Front Page, Selling | 0

The residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand remains strong going into the winter. Many real estate professionals are reporting that multiple offers are occurring regularly and listings are actually selling above listing price. What about your house?

If your house hasn’t sold, it is probably 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)Proper Pricing Pyramid | Keeping Current Matters

Bottom Line

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

Follow Beth:

Real Estate Agent

I've been a full time real estate professional in the Hattiesburg area since 1996. I'm almost always on line so if you have questions shoot me an email and I'll try to answer them. You can also text me at 601-606-3001