Filisko is an attorney and award-winning writer who made strategic price reductions that led to the sale of a Wisconsin property.
How to ready your home for sale at little cost
What have comparable homes sold for and what's still on the market? What new listings have been added since you listed your home for sale? If comparable home sales or new listings show your price is too steep, consider a price reduction. If weeks go by with no offers, continue to check out the competition. When your home has been on the market longer than comparable homes in better condition, it’s time to accept that buyers expect to pay less for a home that doesn’t show as well as others. But the feedback your agent is reporting from buyers is that your home isn’t as well-appointed as similarly priced homes. Maybe you’re plum out of cash and don’t have the funds to put fresh paint on the walls, clean the carpets, and add curb appeal. Remember: It’s not how much money you need that determines the sale price of your home, it’s how much money a buyer is willing to spend. If you’ve got to sell soon because of a job transfer or you’ve already purchased another home, it may be necessary to generate buyer interest by dropping your price so your home is a little lower priced than comparable homes in your area. At least consider lowering your asking price. When a home sits on the market, buyers can begin to wonder if there’s something wrong with it, which can delay a sale even further. In morning trade, the iron ore producer’s shares are down 6 to 22.72. If the answer is 30 and you’re pushing 45, your price may be affecting buyer interest. The Fortescue Metals Group Limited share price has come under pressure on Monday. than similar homes.Īsk your real estate agent about the average number of days it takes to sell a home in your market. Your home’s been on the market longer than similar homes.
What are other agents telling your agent about your home? An overly high price may be discouraging buyers from making an offer. If you’ve had 30 sets of potential buyers come through your home and not a single one has made an offer, something is off. You’re drawing lots of lookers but have no offers.