Pricing your Tulsa home for sale – have you adapted to the changing market?
When you originally priced your Tulsa home for sale, you did so based on the market data pertinent at that time. Any time we run a CMA (comparable market analysis), it is but a snapshot of the market at that moment.
I reviewed comps today for a Tulsa home for sale that has been on the market over three months. Of the nine active properties, five of those have come on the market since we originally listed that Tulsa home for sale, so NEW competition and higher inventory. The two pending and four that have closed since listing are all newer construction – which tells us that we must list our older (five years old) Tulsa home for sale at a lower price to compete with newer construction.
Pricing your Tulsa home for sale – have you adapted to the changing market?
If your Tulsa home for sale has been on the market two months or even one month, please have your Realtor run a current CMA to see how the market has changed since you listed. To successfully SELL your Tulsa home for sale, you must adapt to the ever-changing market.
If the condition of your Tulsa home for sale can not be improved and it is being marketed aggressively, the only criteria left to affect the marketability of your home is price. Your Tulsa home for sale is apt to get a closer to full price offer if it is priced competitively, so be receptive to adapting to the changing market.
