Knowing the perfect time to reduce the price of your home?
In Edmonton's current real estate market, it's not unusual for sellers to point fingers at the agents and agents to point fingers at seller's unrealistic expectations for a price. It's a catch 22 situation. Sellers say, "Why don't do you do more to sell my house?" Price reductions, price improvements, price adjustments, it doesn't matter what you call it, no seller wants to hear about lowering thier asking price.
Before you agree to reduce the price of your home, ask yourself these questions
How many hits has your listing received in MLS?
Do the marketing comments sell the benefits or features?
How does the house show online; are there a lot of beautiful pictures?
Is your signage in a prominent location, contain several phone numbers, plus a Web site?
Do you have a virtual tour published?
What kind of feedback have you received from agents and buyers?
Are you offering enough compensation to selling agents?
Have you had showings and how many?
How many offers have you recieved?
How many of your nieghbors have reduced thier asking prices to stay competitive?
Has your home been on the market longer than the average Days on Market (DOM)?
Purchasing a home today in Edmonton's current real estate market is great. Low interest rates and plenty of inventory to choose from and if you want to sell your home, it may be time for a price adjustment.
Need a new home pricing evaluation, contact us today. We can help.