Tuesday, April 4, 2017 / by Vickie Sparks
15,014 Homes Sold Yesterday…Why Didn't Yours?
If you are a homeowner that has been waiting for months to get a price they hoped for when they listed their home, and haven’t yet what do you need to consider? If it hasn’t sold yet the biggest thing to consider is pricing. Maybe your home isn’t priced properly.
After all, 15,014 homes sold yesterday, and 15,014 will sell today; don’t you want one of those to be yours?
A lot of homeowners are hesitant to drop the price of their home. There are a lot of things to consider when doing so, but if your home isn’t selling and you are tired of waiting maybe now is the time to consider dropping it. Even just a couple hundred dollars might be the difference between a sell or not.
NAR also reports that there is currently only a 3.8-month supply of inventory available for sale whereas 6-months inventory is considered “historically normal”. What does this mean? There are not enough homes available for sale to satisfy the buyers who are out in the market now in record numbers.
What should you do?
It is understandable that you want the fair market value that you deserve from your home. However, if it hasn’t sold in today’s active real estate market, you might want to consider contacting a Realtor for an competitive market analysis of what your home should be listed as. It’s hard to know what all to look at when pricing your home, and it is hard to be objective when it is your own home so bringing an agent on board would bring fresh eyes that know what to look for to the table.
Now is the time that your home should be selling. Now is the time to consider making adjustments if your home is not selling. Do not miss another day where 15,014 homes are being sold, and yours not be included. Now is the time to contact an agent if you are having trouble figuring out exactly why your home is not selling. Now is the time to take action, before it is too late!