Barb Schlinker The Real Estate Voice

Last week we talked about the Average Days on the Market is about 21 Days and Your average is about 7 Days, If a home is sitting on the Market longer than that, what are some of the reasons why that is happening?1. Although the average Days on Market is at lower levels than all of Last Year…that number is a reflection of the homes that getting contracts…NOT the ones that are NOT getting contracts.  2. The average Days on Market statistic IS an indication of How Long on Average it Takes to Sell a Home that is Priced REALISTICALLY and that is marketing properly to attract a buyer in this market.3. So if a home is NOT selling in that time frame there are Seven typical reasons why:a. The #1 Reason…Price is Too High●Buyers are afraid to make an offer if it’s Over Priced because they fear rejection, especially in this hot market.●That leads me to Why is it Priced too High?○Many times the sellers rely on the advice of agents and/or those online valuation systems to tell them their home’s value.○Pricing is one of tho