Did your listing expire without selling? If you're serious about selling, then you're probably pretty frustrated by now. It's time to take a fresh approach.
Let's take a look at the most common reasons a house doesn't sell within the initial listing period as well as actions you can take to affect the outcome.
1. Perhaps your house didn't sell because It is not priced properly for the current market. Pricing your home at or near the actual market value is the best strategy for getting your home sold at the best price within the established time frame. The actual market value is determined by comparing your home to similar homes that are currently on the market (your competition), and similar homes that sold recently (usually within the past 6 months). Adjustments are made for condition, location, and features among the comparable sold homes. This is an oversimplification of the process of determining the market value and the best listing price, but these are the most important determining factors. For a more detailed look at how a professional prices your property, see our Pricing Your Property Right page.