If you are currently marketing your home for sale, but it’s just not quite working, there are a number of reasons that you can’t control (like unique layout, no garage etc.) But there is always one thing that you do control, and that is the price. Here are a couple of signs for you to consider that it may be time to make a price adjustment!
~ You have fewer buyers viewing your home than you did at the beginning. The most activity you will have is right after you put the property on the market, so this may mean that it is a bit overpriced and buyers are backing off and waiting for the price to fall.
~ You’re home has been on the market longer than others around it. Again, that may mean that the buyers have felt that those other homes are a better value for them.
~ You have a deadline. A job transfer. Another house under contract. If you aren’t getting lookers and offers, it may be time to adjust the price.
Remember, it’s not how much money you need to get that determines the sales price of your home. It’s what the market today can bear and what today’s buyers are willing to spend that determines market value.