Dear Monica: My house has been on the market for more than five weeks and so far there haven’t been any offers although it is being shown regularly. It’s a good property in a fine location. Do you think price is the issue? Bruce T.
Dear Bruce: If your property has many things buyers are looking for and it’s still not selling, it is probably priced too high. Buyers are constantly looking at property online and they have a good sense of where the market is. There is more inventory now than a few months ago and price is key to selling it quickly, often with multiple offers. Properties priced higher than where the market is, usually end up with a price reduction. I recommend you lower the price and your house will likely sell soon.
