Why won’t my home sell?
I was trolling the online forums this morning searching for a topic and I came across this question. A Broker named Jeffry Goldsmith from Baltimore answered it rarely have I heard something so well said.
“There aren’t bad houses,” Goldsmith said. “Not one. There are bad prices. It might not be a price you like, or can even afford to sell for. It may, however, be the reality of the situation.”
I will add that while it is true that there are some price ranges that are discretionary (high-end beach front homes or oceanfront condos in our market, for example) price is still key. When a you place a high list price on a property and offers are not forthcoming, it doesn’t mean a discriminating buyer hasn’t showed up yet. It means all the discriminating buyers don’t think the home is worth what you are asking.