It’s a tough question to answer. The basic real estate idea is that if your home is free from any major issues, shows well to buyers, and it’s priced right your house will move quickly. These 3 things sound simple but many time homeowners miss the mark on one or more of these points.

You sit down with your agent and they come up with a price the market is showing for a property like yours. Sometimes for whatever reason the owner has a price they feel they deserve or need to get for the property. They proceed to price it higher than recommended and during the first couple of showings there is no interest. At this point if there is no interest with a decent amount of traffic then it’s time to lower the price.

As a homeowner you need to realize what dragging out the selling process will mean for your bank account. If you’re asked to lower the price 20K and you think thats out of the question and  you keep the price the same. Then the process drags out for a couple months. Think to yourself what 3-4 months of mortgage payment, taxes, utilities, condo fees and whatever else will add up to be. If you break down these costs most times you’ll see what you need to do.

Price is not the only factor a homebuyer looks at when making a decision but in the current market it’s a MAJOR factor. If you do a couple simple things then hopefully your property will move as quickly as you want it to.

If you have any questions give me a call and we’ll get started!