What Should You Do When Your House Does Not Sell?

The longer your home sites on the market, the less likely you are to get a price that you are going to like.  Avoid waiting to long to make a decision.

Listen To A Professional Realtors Feedback 

Ask your real estate professional to poll his or her colleagues who have shown your home.  If location is the problem, you may not have any choice but to reduce your price.  But if your home's appearance is the issue, deal with what seems to be holding buyers back, such as cleaning up the basement or painting the inside.

Reduce Your Homes Price

This is the most obvious decision.  If the real estate market has slowed since you listed your home six weeks ago, the comparable recent home sales you used to set your listing price may be out of date.  Consider reducing your price by as much as 10 percent; that is a strong signal to other real estate professionals that you are motivated to sell.  If you still have no takers after four to six weeks, you may have to cut your price again.

Have A Strategy Meeting

Your NJ real estate professional may have done all he or she can do.  If you are near the end of the listing period be sure to interview a few other Realtors to see what they might do differently than the Realtor you hired in the first place.

It is always a good idea to interview several Realtors before signing a listing agreement with any of them.  Remember not all Realtors are the same, and to many of them will tell you any price they think you want to hear, to get you to sign the listing agreement.

James Boyer

NJ Realtor Associate

RE/MAX Properties Unlimited

One Madison Ave

Morristown, NJ 07960

Madison NJ Real Estate 

973-647-0253 (Direct)

973-539-6300 (Office)

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