Are you getting any showings? If not, this is one of the number one signs that your home may be overpriced.
Are you getting a lot of showings, but no offers?
Did you choose the price of your home or did you price it based off of your Realtor’s advice?
Did you price your home based off what other homes are currently listed at, instead of what homes have sold for, recently?
When determining a price, did you consider the recent sold homes that are similar in size, age, condition and location?
Did you consider that values have lowered in recent years and you can’t base your price off what a home sold for in your neighborhood several years ago or an older appraisal?
Did you price your home based on how much you have spent on home improvements and/or general maintenance, during your ownership? Maintaining and home improvements can’t always be recouped.
Article prepared and submitted by Joanna Jackson, sales manager/associate broker with Jackson Realty.