3 Costly Mistakes Sellers Make When Their Home Isn’t Selling

Home sellers across the country are facing more price-sensitive buyers. Century 21 CEO Mike Miedler recently said about 42% of homes on the market were taking a price cut. And in June, homes sold below asking price in 38 of the 50 largest U.S. housing markets, CNBC reported. If your home isn’t attracting offers, you may be tempted to host another open house or wait for market conditions to improve. But 86% of real estate agents in HomeLight’s latest Top Agent Insights survey pointed to one of three closely related pricing mistakes after a home sits without an offer. “Sellers need to earn the buyer’s attention. The market doesn’t have to become bad for sellers to become less forgiving of them,” says Derek Bauer, a Michigan real estate agent with nearly 25 years of experience. He adds, “If comparable homes are getting offers while yours is sitting, that silence is feedback.” Here are the three costly mistakes agents say sellers should avoid when the offers aren’t coming. Start Making Offers Without Waiting to Sell Your Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong o...