A Key Real Estate Stat for Sellers To Know
Overpricing your home is a recipe for failure in today’s market.
Did you know that 46% of the homes listed for sale fail to sell for one reason or another in our market? That means when you list your home, you have about a 50/50 chance of it actually selling. If you align yourself with a real estate professional you know and trust, they’ll help you navigate the process step by step and ultimately lead you to success.
If your home is overpriced, you’re only wasting your time and effort putting it on the market.
However, an important step to success is to make sure that your home is priced according to its market value. We’re still in a seller’s market, and there are plenty of buyers looking for homes, but those buyers won’t overpay for a property. Your real estate professional can help you set an appropriate price that will increase your chances of selling.
And if they tell you that it’s time to do a price reduction, it’s not because they’re just trying to give your house away; it’s because they’re trying to keep up with what the market is doing. We’d rather sell your house for more, but the reality is if your home is overpriced, you’re only wasting your time and effort putting it on the market.
If you need an agent who has the systems in place to help you succeed in selling your home, don’t hesitate to give us a call or send an email. We’d love to help you hit your real estate goals in the new year.