do not sell. The longer it stays on the market, the less likely it will sell. Sellers should be quick to react to the situation and review the marketing strategies from scratch in consultation with their real estate agent. A sale will result once the problems in marketing are found and rectified. If you do not get enough offers, then it is time to reflect and review your whole marketing strategy. Never get emotional over the status. Stay confident. Know that houses that are renovated, projected well, and are priced slightly below the market trend sell faster than the others that are priced higher and need to be improved. Where does your home fit in that? Is there yet work to be done to prepare it for sale?
Dealing with a Poor Market
A temporary poor local market could be the reason for no or low offers. This mean there is a buyer’s market, characterized by a higher number of homes for sale than the demand or homes selling very slowly and sellers are offering many incentives to buyers. Buyers have the upper hand in negotiations in a poor market, as they have several choices in front of them. It is easy for them to back away from a sale and find another choice if the negotiation does not meet their expectations. If your local market is performing poorly and you can wait some more time, it is the best to take your home off the market and wait for a favorable time to return. If you cannot afford this luxury, you can implement other strategies including sweetening the deal with a revised and attractive price, attending open houses in your area to explore the strategies that other sellers are implementing, examine local listings to decide on the best practices and the best pricing, and
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