It still amazes me that people just don't get it. Please, let me be CLEAR ~if you are trying to sell your home in this market, price it right or it simply won't sell.
Listing appointments have turned into more than the presentation of the good old days that included the marketing strategy that would be employed to sell the home, to first serving up a hearty dish of price reality. Now, there are certainly enough resources on the internet for sellers and buyers alike to educate themselves before testing the waters on either side of the transaction. Truila, MLS, Realtor websites, Realtor.com, and of course Zillow and its controversial Zestimate are just a few. With the millions of monthly visitors all of these marketplaces claim visit their sites and consume their content, you would think my job would be getting easier, not harder.
If your house has been on the market for awhile and is still on the market, it is clear that either you didn't listen to your realtor or your realtor didn't give you good information. Either way, the conclusion is obvious, YOU PRICED YOUR PROPERTY INCORRECTLY!
It stands to reason, with high inventory levels, more and more foreclosures and short sales coming on the market monthly, that reasonable pricing will peak interest, but unrealistic pricing will not benefit either party.
Educate yourself so that when you meet with a realtor you have realistic expectations. Keep in mind though, all the resources available on the web still won't be able to provide the most up to date market information. None of the other sources has all the data necessary. A realtor can provide your most up to date and complete market analysis.
Price them right folks! And if you can't sell, consider renting! It seems to have worked for the Treasury Secretary! I guess he missed my price it right rant! See his story here!
