Sellers: 3 Signs it’s Time to Lower the Price on Your Troy Michigan Real Estate

Posted in Troy Michigan Real Estate by Michigan Real Estate Expert on November 6th, 2008

Selling your Troy Michigan real estate in a slow market isn’t easy, but it can be done. Pricing your home right is the key to selling it within a reasonable amount of time. Sometimes this could mean lowering your price while it’s on the market. Of course, you want to get as much money as possible, so how do you know when it’s time to lower your asking price?

  1. No one is looking at your home. If you expect your home to sell, you need to have people look inside it. Most buyers search for homes within a certain price range. If you aren’t getting any showings, chances are it’s because your home is overpriced compared to other homes in the area. In this case, you may need to lower your price so buyers will look at your home.
  2. Comparable homes are selling for less. Your home will sell for whatever a buyer is willing to pay for it. If the homes around you are selling for less than your asking price, it may be time to lower it. No one is going to pay more for your home when they can get the same thing for less. Pay attention to what homes are selling for in your community and adjust your price accordingly.
  3. You are getting a lot of negative feedback. Buyers are a great source of information about other homes in your price range. After all, they’re spending their free time looking at countless homes similar to yours. Your Troy Michigan real estate agent can find out exactly what buyers think of your home. Perhaps homes comparable to yours have updated kitchens or more attractive landscaping. With this knowledge, you can choose to either remodel or lower your price.

If you’re ready to prepare your home for market, I can help you sell your Troy Michigan real estate for more money with our exclusive Maximization of Value Assessment. And as a licensed real estate broker and lawyer, I’ll not only help you sell your home for Top Dollar, but I’ll keep you from making costly legal mistakes.       

Staging your home can help it sell quicker and for more money.  Order your Free book, “Staging Tips to Prepare Your Home for Market.”  Absolutely no strings attached!  If you’re ready to hire one of the best Troy Michigan real estate agents to sell your home, call me today at 248-514-2640 or contact me now.  

Lee Morof
RE/MAX Showcase Homes
Birmingham, Michigan
Call:  248-514-2640

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