Mortgage interest rates are at a record low and there are plenty of prospective buyers. The number-one reason a house or condominium does not sell is because it is overpriced. Now, they may be reluctant to admit that your home is overpriced. See 18 important questions to help you choose the right real estate agent. Today's savvy home buyers will either not look at overpriced properties, or when they do, will make offers that are much lower than the market value.
Home buyers are very smart and they often know more about home values than real estate agents.
If your home has been on the market for more than 30 days, it is time to perform a new comparative market analysis to check the list price against other active listings and recent sales. Then, adjust your price accordingly. Condition of the home. The second major reason some homes do not sell is their physical condition. Few home buyers want to purchase fixer-uppers.