Pricing your home right is the single biggest factor in how quickly your home will sell, and price is the number one factor that most home buyers use to determine which homes to view.
Your real estate agent will review your home and then compare it to recently sold homes that are similar in stats and location.
Today, there is a pool of buyers waiting for your home to hit the market. When it does, that group of buyers who are searching will find your house, and decide if it looks like it is worth seeing. In the first few weeks some of the buyers in this group will come for showings.. They will consider how your home compares to the other houses on the market on features vs price. If you home does not show and compete well enough in the first 5 weeks to generate an offer, you will be forced to wait as the trickle of new buyers comes into the market. 80% of potential buyers will see your house in the first five weeks, if you don’t sell them then, it takes approximately three months to replace them with an equal number of newcomers.