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17. YOUR FIRST 2 WEEKS
BACK ON THE MARKET
Remember back to the last If you see good activity but receive no
offers, that probably means the price is
time you had your house on a little high. You might want to reduce
the market… it slightly.
Did you see the most buyer activity in With a low number of inspections, it’s
the first two weeks? probably an indication your price is too
high for the current market.
It wouldn’t surprise us if you did—
that’s usually the case. However, as stated earlier, it could also
just be that the current market has few
That doesn’t mean your house (or active buyers & you should be patient.
any house) should sell within the first
two weeks though. Those are all more or less “rules of thumb.”
There’s no absolute answer or assessment.
But the first two weeks on the market It will take an educated and experienced
are very important... and very telling. eye to truly assess and advise you of the
best course of action.
If you see a good amount of buyer
activity in your first two weeks, that One of the things we see all the time are
probably means you’ve priced your owners who do see good activity (and even
house well within the current solid offers) in the first two weeks on the
market. market and then ignore the signs and just
stay put...or don’t accept a good offer
If that’s the case, you should see (because they feel it happened too
some offers or at least hear that quickly), only to regret it a few weeks or
there is interest in your home. months later.
If you see repeat buyers coming So just be aware of these typical signals
through, that’s also a good sign and from the market as you re-enter the
an indication that you’re priced well market so you don’t find yourself wishing
within the market. you could turn back time a little while later.
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