How Long Should You Keep
Your Home On The Market?
Many a home seller has
been there-the house has been on the market for months and there is no sign of
a sale. At what point should you pull
the house off of the market, assuming it is even an option for you? When you start to feel like you are getting
nowhere, it's important to step back and consider the facts of the situation
before you make any decisions.
Is The Season A Factor?
If your house has been on
the market through the summer and well into fall, and the holiday season is
approaching, you may feel there is no point in keeping it listed through the
winter. You may be right. The holiday season is a notoriously difficult
time to sell, and you yourself may want to just take a break and enjoy your
holidays without interruptions from agents and potential buyers. If you can take a step back and resume your
efforts to sell in the late winter or early spring, doing so is usually a wise
choice.
Are You Asking Too Much?
Before you consider
pulling the house off the market, take an honest look at your asking
price. If it is unrealistic and you have
been holding off from dropping it, going to a lower asking price before you
give up on selling altogether might be the wiser course of action. Giving up on what you feel your house is
worth is difficult, but if selling is an urgent need you are going to have to
do what is necessary.
The Market Is Just Slow
Economic factors have
slowed the sale of homes all across the country. If the market is particularly slow where you
live, you might want to consider taking the house off of the market for a while
and waiting it out to get a better price later.
If you have already moved out, consider renting the house for a while
until the market looks up.
Making the decision to
pull your home off the market is difficult, and you should never do it without
looking at all the details and discussing it with your Premier Beach Realty Agent. In some cases, however, it will be the wisest
course of action and result in a sale for more money down the line.
