If your home is currently on the market you are probably getting tired, frustrated and beginning to wonder if your home will ever sell. You may even wonder if it is too ugly to sell? Understanding current market conditions it is critical to selling your home. If your real estate broker does not thoroughly understand these trends, like the number of days on the market, months of inventory, and median price of homes, you will miss the mark and your house sit unsold.
The primary reasons for a home not selling will be one or more of the following:
- Difficult to show (restrictive hours)
- Condition of the property
- Seller’s motivation
- Exposure to buyers – Marketing
Since I could probably write at great length about each of these, I will be covering these topics in future posts. Knowing and understanding the current market, where it’s been and the current trends are critical if you want to position your house to sell. If you would like complete and up-to-date market analysis with statistics specific to your home contact me and I’ll get back to you with up-to-date information.