5 reasons your home isn't selling
You're asking an unrealistic price
Nothing leaves a home languishing on the market longer than an asking price that's too high for the current market.
Start by examining what comparable homes in your neighborhood have sold for over the last three to six months, and act accordingly.
Ask no more than 5% to 10% above the previous top selling price, and avoid being the most expensive home currently on the market in your area.
Buyers are looking at the same comps, and you don't want to scare them off before they've even considered your property.
Even if homes are moving quickly in your neighborhood, you want to start with a competitive price, wait until you have multiple offers in hand and then push potential buyers into a bidding war.
You can't value your home based on the astounding prices smaller, less attractive homes supposedly fetch on television shows.
Nor should you use the property values provided by Web sites like Zillow.com. They are not accurate or up-to-date enough to use for something this serious.
"Price point is crucial, and if you don't price it properly, you're pretty much shooting yourself in the foot," says Leslie Piper, consumer housing specialist for the National Association of Realtors.