If your home has been on the market for more than six months, you are probably starting to wonder why it isn’t selling. For many sellers, this is the perfect opportunity to blame the economy or your local real estate market.
However, in most cases, this is simply not the reason that the house is not selling.
In a recent Existing Home Sales Report1 from the National Association of Realtors, the annual home sales are listed at 5.26 million homes. In order to put that number into perspective, let’s divide it by 365 days in a year and we will find that there are 14,410 homes sold every day in the United States.
With all of these homes selling across the country, blaming the economy or the local market is never going to be a strong argument. It is far more likely that you have made one or more common mistakes pricing your home. Fortunately, this is something we can control and correct in order to get your house sold!
Here are five of the most common pricing mistakes that prevent homes from selling in a timely manner: