Did Your Home Sell?
There are some homeowners who are patiently waiting to get the price they hoped for when they originally listed their houses for sale. Something these homeowners might want to take into consideration is the fact that if their homes haven’t sold yet, maybe they’re not priced properly. If your home is originally priced to high, it can prevent you from selling your home. What happens is initially when a home is first put on the market for sale, it receives a lot of attention and traffic from potential buyers, but when it is discovered the home is over priced, those that showed genuine interest will be hard to get back to see your home. It is very important to initially price your home correctly.
After all, 14,904 houses sold yesterday, 14,904 will sell today, and 14,904 will sell tomorrow.
14,904!
This is the average number of homes that sell each and every day in this country, according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.44 million. Divide that number by 365 (days in a year) and we can see that, on average, over 14,904 homes sell every day.
The report from NAR also revealed that there is currently only a 4.2-month supply of inventory available for sale (6-months inventory is considered ‘historically normal’).
This means that there are not enough homes available for sale to satisfy all of the buyers who currently are out in the market in record numbers.
Bottom Line
We realize that you want to get the fair market value for your home. However, if it hasn’t sold in today’s active real estate market, perhaps you should reconsider your current asking price.
Have questions about real estate you want answered? Even if you aren’t planning to buy or sell for years, I hope you’ll feel comfortable calling me to talk about your unique real estate situation. I’d love the opportunity to become your agent long before you actually need one. ~ Lynda Van Wie
(www.vanwierealestategroup.com)
(702) 523-1667
