{"id":8212,"date":"2023-12-14T11:30:00","date_gmt":"2023-12-14T11:30:00","guid":{"rendered":"https:\/\/thezakariagroup.com\/if-your-house-hasnt-sold-yet-it-may-be-overpriced\/"},"modified":"2023-12-14T11:30:00","modified_gmt":"2023-12-14T11:30:00","slug":"if-your-house-hasnt-sold-yet-it-may-be-overpriced","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/if-your-house-hasnt-sold-yet-it-may-be-overpriced\/","title":{"rendered":"If Your House Hasn\u2019t Sold Yet, It May Be Overpriced"},"content":{"rendered":"
\"If<\/p>\n

Has your house been sitting on the market<\/a> a while without selling<\/a>? If so, you should know that\u2019s pretty unusual, especially right now. That\u2019s because the supply of homes<\/a> available for sale is still far lower than what we\u2019d see in a normal year. That means buyers have fewer options than they usually would, so your house should be an oasis in an inventory<\/a> desert.<\/p>\n

So, if homebuyers have limited choices and your house still hasn\u2019t sold, there\u2019s a reason why. Let\u2019s break one potential sticking point that may be turning buyers away: your asking price.<\/p>\n

Especially with today\u2019s higher mortgage rates already putting a stretch on their budget, buyers<\/a> are being a bit more sensitive about price. As a recent article from the Wall Street Journal<\/em> (WSJ) says<\/a>:<\/p>\n

\u201c<\/em>If you are serious about selling your home now, don\u2019t get greedy with the asking price. <\/em><\/strong>This is still a seller\u2019s home market as there simply aren\u2019t enough affordable homes for sale in many parts of the country. <\/em>But with average 30-year mortgage rates above 6%, buyers are much more price-sensitive than they were a year ago<\/em><\/strong>.\u201d<\/em><\/p><\/blockquote>\n

Why Setting the Right Price Matters<\/strong><\/h4>\n

While you want to maximize the return on your investment when you sell your house<\/a>, you also need to be realistic based on current market conditions. The simple truth is your house is only going to sell for what people are willing to pay right now.<\/p>\n

This can be a hard thing to accept. Especially since emotions can run high during the selling process, which only complicates matters more. After all, you may have lived in this house for years, so it\u2019s only natural you\u2019re emotionally tied to it \u2013 and those heartstrings can make it harder to be objective.\u00a0<\/p>\n

But it\u2019s important to acknowledge that a bigger-than-expected price tag deters buyers and may make them dismiss your house as a possibility before even seeing it. And if no one\u2019s looking at it, how will it sell?<\/p>\n

If you want to get your house sold, you\u2019ll need to do something to spark interest in your home again. That\u2019s where a local real estate agent<\/a> comes in. They\u2019ll help use data to find out if it\u2019s priced too high for your local market. They balance the value of homes in your neighborhood, current market trends and buyer demand, the condition of your house, and more to find the right price for your house, so you can close this chapter and start your next one.<\/p>\n

Bottom Line<\/h3>\n

While it\u2019s true there aren\u2019t that many homes available for sale right now, your home\u2019s asking price still matters. And, if it\u2019s not selling, it may be priced too high.\u00a0<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Has your house been sitting on the market a while without selling? If so, you should know that\u2019s pretty unusual, especially right now. That\u2019s because the supply of homes available for sale is still far lower than what we\u2019d see in a normal year. That means buyers have fewer options than they usually would, so […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[100,884],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nIf Your House Hasn\u2019t Sold Yet, It May Be Overpriced - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/if-your-house-hasnt-sold-yet-it-may-be-overpriced\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"If Your House Hasn\u2019t Sold Yet, It May Be Overpriced - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"Has your house been sitting on the market a while without selling? 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