Even if your house is staged and well-maintained, it is only worth what the market will bear. To increase your chance of a quick sale, consider these signs that it may be time to adjust your selling price.

Low Traffic

Are you limiting your exposure? Since most buyers sort listings by price and location, your home might not be showing up in search results when compared to other properties in the area.

Long Time on Market

A recently renovated kitchen or bathroom often increases the home’s value. However, if your home has been on the market for a while with no viable offers, that could be an indication that the upgrades don’t match the buyer’s expectations.

Homes Nearby Selling Faster

Buyers often compare several listings to find the best value before making a decision. Have you done a comparative market analysis to make sure you are remaining competitive?

Receiving Negative Feedback

Sentimental value can often be a driving force in setting the price of the home. To get a more realistic view of your home’s worth, learn how potential buyers perceive your property by paying attention to the feedback from showings.

Ensuring that your home is competitively priced is a crucial step in the selling process. Ask your REALTOR® to assess the current market and help you set the highest realistic price for your home.