Friday, February 27, 2015

Inventory Is Low, Why Isn't Your Home Selling?

Marketing is so extremely vital. Networking, showing follow-up, putting your best foot forward on the condition of your home.

Pricing, however, is the absolute most important thing for your home. I don't care what anyone says, correct pricing is top priority.

I've just been refused an offer by a seller for a buyer of mine. He wants to wait for a better offer, a higher offer. Ours was the 2nd he had received, the other he deemed too low as well.

If your home is priced too high, you're going to get what you would consider low offers. That's it. If your home is priced too low, you're going to get multiple offers. If your home is priced right on, you'll get a couple of good, quality...."I really want this home" type of offers. Those are the ones you want, trust me on this.

Home in question has been on the market for 3 weeks, it's at least 30k over priced, at least. It's not in one of the high popularity contest neighborhoods. It's a lovely neighborhood, don't get me wrong, just not one of the ones people are fighting to get into. The home itself is gorgeous. Needs a couple things, but basically move-in ready.

BUT, it's over-priced!!

No two ways to look at it, it just is.

I'm going to show another one today, on the market for 71 days.....on a main street in the track....overpriced I tell ya.

Our inventory is still amazingly low. If your home hasn't received an offer in the first couple of weeks.....You Are Priced TOO High!

Getting off my soapbox now..... 

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