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Having Trouble Getting Buyers to Close Your Pricing Might Be the Problem

Jul 27, 2023 | Uncategorized

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Having Trouble Getting Buyer To Close?
Here’s Why Your Price Might Be The Problem…

Are you experiencing problems with selling your home? A slow sale is no fun, especially if you need a quick sale due to a move or for financial reasons. If you are having some trouble getting potential buyers to stick around, pricing might be the issue. Let’s explore a few reasons why.

Are You Getting Any Offers?

First, are you receiving any offers for your home? If you have, and they are coming in much lower than your listing price, then it could be a sign that you have set your price too high. Even in the hottest real estate markets, it is common to see buyers submitting ‘lowball’ bids as a starting point for future negotiations. However, if all your offers are well below your asking price, it might be time to re-evaluate it.

Who Set The Price For Your Home?

Did you set the starting price for your home, or did you rely on the help of a professional real estate agent or sales team? If you are trying to sell your home without expert guidance, it is possible that you priced your house above its actual value. Remember that a variety of factors, from the condition of your home to current interest rates, will help to determine your home’s value. It is best to rely on the guidance of an experienced real estate agent to set your price.

What Do Local Sales Trends Look Like?

Is your neighborhood considered a ‘hot’ or ‘cold’ real estate market? Are there a lot of local houses up for sale, or a few? What about in the past few months, have many nearby homes sold? At what price? Understanding regional sales trends is critical. If buyers are not buying, then you may be stuck lowering your price.

Reducing The Price? Be Careful

Finally, if you do need to lower your asking price, it is best to do so carefully. A substantial price reduction can send the wrong message to potential buyers. They may start to wonder if anything is wrong with your house, or if it needs some major repairs.

If you are having trouble closing the sale of your home, don’t get discouraged. It is possible that with a small tweak to the price, you can have the hottest listing in the local market.

If you are considering selling your home, be sure to contact us at (949) 993-1373 or email us at info@purpledoors.com so we can provide you with a Fair Cash Offer on your Michigan house.

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  • By submitting this form and signing up for texts, you consent to receive email marketing and text messages from PurpleDoors at the number provided, including messages sent by autodialer. Consent is not a condition of purchase. Msg & data rates may apply. Unsubscribe at any time by replying STOP or clicking the unsubscribe link (where available)
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Recent Testimonial

  • Mary

    Thank you PurpleDoors for making the sale of my home simple and easy! 

  • Todd S. from Kalamazoo, MI

    I'm really glad my friend introduced me to PurpleDoors. My wife and I had been working with a realtor and didn't feel like our house was fetching the price it deserved. PurpleDoors was able to buy our house in record time at a fair price! Their knowledge of the inventory in the Kalamazoo & Battle Creek areas is second to none. I would highly recommend PurpleDoors and their team if you are selling your home!

  • Susan L. from Denton, MI

    "PurpleDoors is awesome to work with. Really knows the area and provided a number of selling options. Their team followed up fast for any questions we had. Loved that!"

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