"My Home Is Not Getting Any Showings"
Your Home has been on the Market for three months .Not a single visitor has come to view it .You have given the home curb appeal .You have updated the kitchen,The bathrooms have been modernized. The roof and ac have just been replaced You Have added hardwood floors,The home is immaculate. You are sure the first time buyer that comes to your beautiful home will fall in love with it and make a full price cash offer even if your Realtor did suggest that your home would likely bring a lower sales price than what you are insisting it should sell for.
The other homes in your neighborhood have not had the updates or upgrades recently and they you know they are getting showings-In fact the Smiths across the street went under contract ! So you are asking yourself why isn't my home getting any showings ? Its like they don't see it they go by it and stop at the lower priced neighbors home ,Is my home invisible ?
"But My Neighbors are getting showings and contracts ! "
With the advent of technology and recent surveys done by NAR showing that 80% of home buyers search for homes on the internet it must be understood that now more than ever to start your homes pricing exactly where it should be when you begin marketing the home . When a buyer visits a website looking for homes ,gets daily notifiers from an agent or MLS The basic criteria they are searching for are the only only homes they will see during that search .For instance ,If a buyer is searching for a 4 bedroom 3 bathrooms,3 car garage home and is not willing or able to go above $350,000 on the property then that is the minimum number they will search for in the home features and the maximum they will search for price.
What Dangers Have I Created By Not Starting At The Right Price?
Now ,your home has been on the market for several months . You have seen several homes in the neighborhood sell.There is little or no interest in your home .Your Realtor has provided you with copies of all the advertisements done for your home and has given you feedback from other Realtors showings there is no doubt your home has become invisible to any buyers that may be looking for a home in your area . What buyers that are working with an agent that may have been presented information on your home have lost all interest in the home due to its days on the market In order to regain their interest you may do a price reduction .But to peek their interest and to get them to come to your home at this point you must lower the price even more than what the market would have supported for the home months ago.
Don't cheat yourself later by making your home invisible now !
When you begin to market your home it is important to start with an informed decision .Get advise from professionals who work in the real estate industry full time and can help you make sure you are not only not giving your home away but that you are not going to cost yourself,in the long run to loose potential profits.
Some of the things you should consider strongly doing to determine the correct starting price for your home are:
Have a Realtor® do a CMA on your home
Investigate Tax records and property appraiser information for recent sales .
Investigate what the prices are for the current homes that are on the market and how long they have been on the market .
Get an appraisal done on your home prepared by a licensed appraiser make sure they know that the purpose of the appraisal is for the sale of the home.
THE VALUE OF THIS CAN BRING CAN NOT ONLY NET YOU THOUSANDS OF DOLLARS BUT IT CAN ALSO SAVE YOU MONTHS OF HEADACHES. DON'T MAKE YOUR HOME INVISIBLE . MAKE YOUR HOME INVINSIBLE- HIRE A REALTOR®TO ASSIST YOU WITH MARKETING YOUR HOME PROPERLY TO GAIN YOU THE MOST $$$
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