Has there been a For Sale Sign on your house for a while, but it’s not selling?

There are several reasons that might be holding it back.

But you might be surprised to learn the most likely reason it’s not selling...is because it’s overpriced!

Overpricing is the most common reason a home doesn’t sell, and it can become a big problem for your sale if it’s not corrected.

Here’s a few tell tale signs your house has the bar set too high...

FEW SHOWINGS

An inflated price can scare away buyers before they even have a tour of the home.

NO OFFERS

In a market as strong as Barrie’s, a properly priced home should receive at least 1-2 offers in the first few weeks on the market.

OPEN HOUSES FALL FLAT

Buyers are busy and only interested in looking at homes they might want to purchase.

NEIGHBOURS HOMES ARE SELLING & NOT YOURS

Most frustrating for you, if your home is overpriced, it will sit idly while other houses on your street sell quickly.

WHAT CAN YOU DO?

If any of these things are happening with your sale, talk to your realtor...they will have research to draw on to help you understand how they came up with the price. After that, the two of you can determine if it’s time to adjust your price point.

If you have a question about Barrie Real Estate, or an idea for our next show we'd love to hear it! Reach out anytime, to [email protected]