Having Trouble Getting Buyers to Close? Your Pricing Might Be the Problem

If you are facing problems when attempting to sell your home, the issue may be traced back to the pricing. Here are some of the reasons why.

Are You Getting Any Offers?

To begin with, have you been receiving offers for your home? In case you have, and the offers are lower than your listing price, it may be time to decrease the price. Even in busy markets, buyers often submit 'lowball' bids as a starting point, initiating for future negotiations. But if every offer you received is less than your asking price, it is best to re-evaluate it.

Who Set The Price For Your Home?

Was the price for your home decided by you or a professional real estate agent or sales team? In case you are attempting to sell your home without seeking expert guidance, you may have priced your house a little over its actual value. Several parameters, including the condition of your home and the current interest rates, assist in determining the exact value of your home. Always seek the guidance of an experienced real estate agent for determining your price. 

What Do Local Sales Trends Look Like?

Would you call your neighborhood a 'hot' or 'cold' real estate market? Are there several local houses up for sale, or are there very few? In the last few months, how many homes close to your house were sold and at what rates?  Comprehending regional sales trends is very important. In case the buyers are not buying, you may have to decrease your price.

Reducing The Price? Be Careful

Lastly, if you must decrease your asking price, do so cautiously, as if you decrease it substantially, you would send out the wrong message to the buyers. They may think there is something wrong with your house. 

If closing the sale of your home seems challenging right now, remain persistent. Just a few small changes to the price can make you the hottest listing in the local market. To learn more about how we can help you sell your home faster, contact our professional real estate team today.

Call me at 1-877-824-2747 or email me at info@charissarealty.ca for more information