Reason #4: Price Is Too High
It’s possible your home’s original asking price was set using sales data from before a market
shift. But regardless of the economic climate, pricing a home is always tricky because so many
factors can impact how much buyers are willing to pay.
Many homeowners are reluctant to drop their listing price. But the reality is, buyers may not
seriously consider your property if they think your home is overpriced. If your home sat on
the market for months without an offer, then chances are good that your asking price needs to
If you aren’t in a rush to sell, adjustments to timing or marketing may bring in a new pool
of potential buyers. And repairs, upgrades, and staging can increase the perceived value of
your home, which may be enough to bring a buyer to the table at your original list price.
However, if you need to sell quickly, or you’ve already exhausted those options, a price
reduction may be necessary to get your home the attention it needs. We can help you
determine a realistic asking price given today’s market conditions.
We can help you determine a realistic asking price for your home given today’s market conditions.