Plano Texas Real Estate Blog - Local Plano Real Estate.

      "What to do if you HOME is NOT selling?"

This market has brought a slow down to real estate activity; compounded by the holiday season growing near, inventories are higher and there is more to choose from for the BUYER.  One thing that is already happening is some sellers are taking their properties off the market because of the holidays coming and they do not want to be inconvenienced, so if you leave your home on the market you should have less competition and most company relocations occur in January which could be an excellent time to get your home SOLD!   Take advantage of this time.

Are you a person that currently has their home for sale?  Are you are worried about not getting any offers?

Then, you must take some kind of action. Did you know the longer your house sits on the market the more difficult it will be to negotiate an acceptable selling price.

Your Selling price is dependent upon 3 things:

• the asking price
• homes condition
• location        

You need to look at each factor...

ASKING PRICE:
How did you decide on this? Was it based on what you want or need out of the sale?
Many feel their house is better then others and should not compare to other home comps, this is very unrealistic, your home is only worth what a buyer is willing to pay, regardless of your emotional or financial or personal needs may be.

HOME'S CONDITION:
Is your home as clean as it should be? How about the physical condition of walls, floors, appliances? Too cluttered or over crowed with furniture? This could be holding your sale up.

LOCATION:
You can't do anything about this but adjust your price to reflect the location. Schools will impact buyer demand as well as adjacent homes can either add or detract to your sell.  Maybe you are asking too much compared to other homes around you.

ADVICE: Your neighborhood Realtor knows what it takes to sell your home and get the highest possible offer they can, also you should consider all terms of contract as money, not just the sales price. Ask your Realtor to run a NET Sheet so you will know what you are going to walk away with at the table.