Everyone on the news is crying about homes not selling. But that is not really the complete picture. Yes, there are homes that are not selling and staying on market for a long time, giving sellers heartaches. But this is not the case for everyone. Homes are still selling fairly quickly (18 days in Silicon Valley - median time) for those that attract buyer attention. But this story is not sexy or provocative enough to get media attention.
It’s the ones that do not attract buyer attention that are lingering and getting all the attention. The ones that do not meet the requirement of the population that is buying homes right now. It’s sellers who are arrogant enough to think their home is great and that buyers will buy them regardless of condition. HUGE WAKE UP CALL for them.
There are two types of homes on the market now. Those that buyers want to buy and those that buyers do not want to buy. The key to selling your home right now: a seller simply needs to figure out which category they want to fall under when they hit the market.
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