Navigating the property market can be a delicate dance, and setting the right asking price is crucial. But what if your home isn't getting the attention it deserves? Here are some signs it might be time to reconsider your asking price.
Lack of Viewings
If your property has been on the market for a while with little interest, it could be a sign that buyers see better value elsewhere. Even with stellar marketing, an overpriced home might be overlooked entirely.
High Clicks, Low Enquiries
Your online listing might be attracting plenty of views, but if enquiries or viewing requests aren't following, the price could be the issue. Buyers are savvy and often filter results by budget—if your home doesn’t measure up, they’ll move on.
Negative Feedback
Pay attention to feedback from viewers. If several mention that your home is overpriced or note better-value alternatives, it’s a strong indication that an adjustment may be necessary.
Stuck in a Slower Market
If similar homes in your area are selling while yours lingers, review how your asking price compares. The market might have shifted since you first listed, and staying competitive is key.
Missed the Momentum Window
The initial weeks of listing are when interest is typically highest. If you’ve missed that early buzz, a timely price adjustment could help refresh interest and bring your property back into buyers’ search results.
Lowering the price isn’t a sign of failure—it shows you’re serious about selling. A realistic, well-positioned asking price can reignite interest and help you secure a sale sooner rather than later. At Bond Residential, we’re always here to provide expert advice to help you navigate these decisions with confidence.
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