The residential housing market has been
hot. Home sales have bounced back solidly and are now at their second
highest pace since February 2007. Demand has remained strong throughout the
summer as many real estate professionals are reporting bidding
wars with listings actually selling above listing price. What about your
house?
If your
house hasn't sold, it is probably because of the price.
If
your home is on the market and you are not receiving any offers, look at your
price. Pricing your home just 10% above market value dramatically cuts the
number of prospective buyers that will even see your house. See chart
below.
Bottom Line
The
housing market is hot. If you are not seeing results you want, sit down with
your agent and revisit the pricing conversation.
David Demangos
858.232.8410
Locally Known, Globally Connected
Luxury Home Marketing Specialist
Global Property Specialist
David@AwesomeSanDiegoRealEstate.com
Our Team Goes to Extremes to Fulfill Your Real Estate Dreams!
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