Birthday Homes are on the market for more then a year. When a sellers home is on the market for more then a year, That seller and their agent need a cold reality wake up.
The answer is simple:
THE HOME IS WAY OVER PRICED.
No matter what the neighborhood or location. No matter what the Seller paid for the home. Those Sellers need a reality check. However, to make it very easy to get a real price, get a and pay for an APPRAISAL.
The Appraisal will be a very good snap shot of the current market at that time.
With this in mind, when a Home is appropriately priced for our current market, that home will sell for 95-96% of the list price in under 90 days.
Home prices of today may need to reflect home price of the 2003 market.
The savvy home seller and home buyers both know this and prepar accordingly.
Home sellers know what to do. Yes they make take a loss or not make as much as they hopped. However, Home buyers look at the UP side; great deals on homes for sale can be found.
This is also the importance of having a great Realtor or Realtor Team working for you. THEY know the market and current conditions.
A great Listing Realtor will get the home SOLD.
A great Buyers Realtor will know the bargains to be found.