Your Home Hasn’t Sold – Is It Time to Panic?

Your Home Hasn’t Sold – Is It Time to Panic?

August 13, 2024

 

 

Has your Portland area home been sitting on the market for 2-3 weeks, maybe even longer than the average? Before you panic, slash the price, or consider switching agents, take a moment to breathe.

While it’s true that homes typically get the highest offers within the first few weeks, that’s not always the case. Sometimes, being in a low-demand neighborhood or having a home with unique features means a smaller pool of potential buyers, which can naturally extend your market time.

Additionally, if your home has standout attributes that justify a higher price, you might just need to wait for the right buyer who sees the value—fewer buyers, yes, but potentially a better offer in the end.

In these situations, patience isn’t just a virtue; it might just bring you a more rewarding and profitable sale.

Written by:

The W Group


Real Estate Strategy. Mortgage Insight. One Trusted Guide.

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