If your house is not being shown, it
means the agents
think the price is too high for the neighborhood.
Recommendation: A significant price adjustment.
"Two key factors in selling a house are
price and location.
It's easier to change the price than the location."
If your house is being shown,
but you are not getting any offers, it means the Buyers are finding nicer(condition)
homes for the money.
Recommendation: A moderate price adjustment.
"If you overprice your house, you're
helping to sell your
Neighbors house by reinforcing and justifying their list price and value."
If your house is in the running,
but the Buyers buy
something else, or if the Buyers view the house a
second time, but buy something else, it means that we are close.
Recommendation: A minor price adjustment.
According to the National Association of Realtors,
if your house is priced correctly, you
should get one offer for every 10 showings.
In a normal market, you should get
1-2 showings a week.
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