Another big subject that sellers end up coming back to is this:

What is the market you are selling in, and what’s the demand right now?

Just think: If you got an offer on the second day of marketing in a raging seller’s market, that’s an entirely different offer to one on the second day of a raging buyer’s market. One offer you might consider but not necessarily take due to the fact that there’s so much interest. The other, you would be wise to really think about.

You see, different market characteristics mean different decisions. As far as demand goes, no demand, or even slow demand, for a house like yours means just one thing – the number of days on the market can blow out. I have seen in a tight market where the average time on market was a couple of months. That’s a long time especially if you’re planning on moving to a new job in, say, a month!

We need to factor that into the plan as we work through the best way to meet your objectives. In some cases, even a property priced below the market may still take a long time to sell if the demand is not there.

So instead of getting anxious and worrying that no one likes your home, we need to understand the dynamics that are at play here. One of the other things worth considering is how much competition you have. Are there lots and lots of homes like yours for sale? Or is yours a sort of one-off type place that does not really have much competition? Again, things we need to know as we work through this whole transaction.

So, do some homework on this. Get a good understanding of the dynamics of your market. There’s plenty of websites you can go to find this.