A Reality Check for Sellers Whose Home Isn't Selling

A Reality Check for Sellers Whose Home Isn't Selling

November 11, 2023•1 min read

If you’re trying to sell your home and it isn’t selling, it’s time for a reality check, whether you’re listed with Right Choice or anyone else.

This might sting, but it’s the truth that gets homes sold.

Your home is overpriced

If your home has been on the market and isn’t selling, the most likely reason is simple: it’s priced too high for today’s market.

The trap: pricing to fit your next purchase

Here’s where many sellers go wrong. You’ve found a house you want to buy, maybe you even have an accepted offer on it, and you work backwards: “To afford that house, I need to get X for mine.”

There are two problems with that:

  1. The house you want to buy is likely overpriced too, if the market is soft.
  2. Buyers don’t care what you need. They only care what your home is worth compared to others.

Your next purchase has nothing to do with what your home is worth. Letting it set your price is a recipe for sitting on the market.

How real estate actually works

  1. Price your home properly based on current comparable sales.
  2. Get it sold.
  3. Then you know exactly how much money you have for your next home.

If the home you had your eye on costs more than your budget allows, you either negotiate its price down or find another home. Your home’s value doesn’t change because of the house you want next.

Ready for an honest price?

We’ll give you a straight, data-backed price that gets your home sold.

Call 289-276-1716 or get your home value.

Joe Gonzalez

Joe Gonzalez

Joe Gonzalez is the Broker of Record at Right Choice Happenings Realty Ltd. Brokerage. Born and raised in Wainfleet, he has helped Niagara families buy and sell since 2013 and was named the Niagara Association of REALTORS® Marketer of the Year in 2019.

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Right Choice Happenings Realty Ltd. Brokerage. Proudly serving Welland, Fonthill, Port Colborne, Wainfleet and all of Niagara.

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