West Michigan's Premier Home Buyer

Blog

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

May 31, 2023 | Home Sales

Share The Post :
FacebookTwitterLinkedIn

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 (616) 805-9696 or email us at joel@jtkpropertysolutions.com so we can provide you with a Fair Cash Offer on your Grand Rapids house.

Want To Get A Cash Offer On Your Grand Rapids house?

Please fill out the quick form below, and we will be in touch with you shortly!

  • By submitting this form and signing up for texts, you consent to receive email marketing and text messages from JTK Property Solutions 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)
  • This field is for validation purposes and should be left unchanged.

Listing vs. Selling To Us

Which route is quicker?
Puts more cash in your pocket?
Has less hassle?

See The Difference Here

Get a Cash Offer Now

Submit your info below, and we'll get in touch right away to discuss your offer

  • By submitting this form and signing up for texts, you consent to receive email marketing and text messages from JTK Property Solutions 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)
  • This field is for validation purposes and should be left unchanged.

Recent Testimonial

  • D T

    Great to work with JTK! The team communicates well and keeps everyone in the loop. They helped out and got the work done. They really help people out of tough spots and offer other solutions when not a good fit just to try and help. Joel and his team know the market and are extremely professional.

  • Courtney Van Horn

    Honestly, there aren't better people in this industry. Amber and Joel communicate very well and work so hard with their clients to ensure a smooth transaction. They are genuine people who understand real estate and all the good and bad that comes with it. 5/5 would highly recommend!

  • B Stewart

    JTK are awesome to work with! I purchased my very first investment property from JTK and they were great. With it being my first, they were very helpful and patient thoroughout the process. Amber even followed up after the purchase to see how things were progessing. I am certain we will do business again!!!