The Value of a Good Price
So, you’re having trouble selling a house. After a few months on the market, you’ve got to start looking at what you’re doing wrong. Is the economy bad? Is the location bad? Is the place too much of a fixer-upper? You could probably go on for hours about why nobody’s making you the offer that you want, but many good mortgage brokers will tell you that it is pretty much always going to boil down to one important fact: you’re charging too much.
Indeed, take any reason that people don’t want to buy your house and it can most likely be translated to a price issue. No location is so bad that it won’t still sell for a lower price. No repair job is too daunting that a low enough price won’t make it worthwhile. You can have the most desirable house in the country on the market in terms of quality and location, but you’ll still be stuck with it for years on end if you’re charging too much for it.
With this in mind, consider your situation. What kind of offers have you been getting so far? Even if they are significantly lower than your asking price, it may be worthwhile to think of ways that you can meet your potential buyers halfway. After all, even if all the market data in the world is telling you that your home is worth so much, it doesn’t mean a thing if you can’t actually encourage anybody to pay that amount.
