If your home hasn’t sold, what should you do?

I get this question a million times a day. . .ok maybe not a million times, but sure feels like it. If your home is on the market, with a professional realtor who is trying to sell it to everyone and their mother, the obvious thing to do is adjust the price. Sometimes staging or depersonalizing the home might help, but in this market, the buyers are motivated by deals.

In other words, they have to see the value in the property. The property may have been home to you, but for buyers they see it as a product initially and they have to be able to see themselves living there before they consider making an offer. Absent of a deal, the market will not move and that can be bad for everyone. The housing market makes the economy go round and round and the sellers have the power to make it happen.

I know what you’re thinking. I can wait. Well, yes you can. That wait might be longer than your intended goal. If you are a seller and a buyer at the same time in this maket, just think of your difference in profit as an exchange. You might lose out on the sale side of your home, but you’ll make up for it on the purchase of your next home, which could mean more to now now that its cheaper to borrow many to buy.

 Keep a eye out for the Feds and wait to see what they do with interests rates.