When it comes to reasons why a home isn’t selling, it’s not condition, it’s always price. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that in fact, it’s usually always price. Homebuyers pay attention to overpricing, even in a strong seller’s market. Over fifty percent of agents have seen or heard about buyers backing out of contracts due to remorse about inflated home values. So, how do you know if your home is priced too high? Pricing a home for sale is deceivingly complex. To predict what buyers would pay, you need to carefully review recent sales and make dollar adjustments to your property based on competitive differences. Another way to check your price: Listen to the feedback you’re getting from people at open houses and showings. Were they disappointed at the home’s quality compared to the price? Check out below to see what sold in Lakes of Northville in June 2022:
42559 Bradner Road, Northville: 4 bedrooms, 3.1 bathrooms, 2,063 sq. feet, 2 car garage, Sold Price: $489,000
Lakes of Northville Home Sold
June 2022
You can also browse local listings. If your home is priced higher than nearby homes with better features and more upgrades, it’s a telltale signal that the problem is probably price. For more information on Lakes of Northville, or similar Northville or Novi neighborhoods such as North Hills, Briarwood and Northville Colony Estates, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.