Your Newport Beach Home for Sale Has too Many Days on Market

Are you in this situation and have you ever asked yourself this question? I will tell you right up front, if you are selling your Newport Beach home for sale, price it correctly in order to sell it. It is not the time to “test” the market. Buyers are looking for a “deal” period! If your home for sale is not a deal (meaning fair market value), then you may want to wait for a different market to sell it.

However, if you are serious about wanting to sell your Newport Beach home for sale, you need to look at the reasons as to why your home has accumulated days on market.

  1. What is the condition of the home? Is it dated? Does it have deferred maintenance? A huge recommendation is to maintain the systems in your home (plumbing, electrical, HVAC, etc). If you think by deferring maintenance will save you money in the long run – it won’t! A buyer will perform a “home inspection” and deferred maintenance items will show up.
  2. What is the curb appeal like and general appearance? When a buyer walks in the door, do they see a project (and if so – is it priced accordingly) or do they see work that needs to be done. Many buyers cannot get past “too much work” and they often think that with a project – one project leads to another which translates into “more money” which can be overwhelming.
  3. Has your home been updated? Does it have wallpaper which is outdated? Take it down, and clean and light and bright is preferred and appeals to the masses.

So back to my original comment. . . your home has too many days on market. Why? Is it the condition as discussed above, is it the price???

Price your home to sell in the market that it is in now, and if you are above the market, I would recommend having your agent perform in depth analysis of the comparable sales to determine fair market value. Additionally, it is important to take into account that distressed properties (including REO sales and short sales) those are still comparable sales.

I would recommend consulting with your Realtor to make sure that your home presents itself in the best possible light, and that it is priced accordingly with the current market conditions

2 thoughts on “Your Newport Beach Home for Sale Has too Many Days on Market”

  1. Avatar of Marlene Dietrich

    Its great to pass that on; the only reason homes stay on the market for a long time is it is priced too high, or a poor location or poor condition or a little of all three.
    Everything sells if the price is right. Sellers must realize that the magic number for a house to sell at is based on when a buyer’s idea of the home value matches the seller’s motivated price to sell,

    Marlene Dietrich

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

ABOUT ME

Sharon Paxson is a full-time REALTOR® with Compass and has been specializing in residential real estate throughout the Newport Beach area since 2005 assisting Buyer’s, Seller’s, Landlords and Tenants with their real estate needs.

If you are thinking about buying, selling or renting your home, condo or other Real Estate in the following areas including Newport Beach, Newport Coast, Corona del Mar, Huntington Beach there are thousands of Realtors to choose from. However, it doesn't cost you any more to work with a top Newport Beach CA Realtor. We welcome the opportunity to show you how we get outstanding real estate results with specific and targeted marketing. If you are looking for a top real estate agent who will make a difference you have come to the right place. Use this real estate website to learn about communities and homes for sale.

REAL ESTATE BROKERAGE SERVICES

  • Newport Beach Homes for Sale/Sharon Paxson®
  • Newport Beach area buyers, sellers, renters
  • 520 Newport Center Drive Suite 330
    Newport BeachCA 92660
  • 949-280-0681 | DRE 01501912

DISCLAIMER

DISCLAIMER: All information, photographs & content contained on this site is the property of Sharon Paxson. You must obtain written permission from Sharon Paxson if you would like to use any of this content contained herein. Opinions expressed are those of Sharon Paxson and may not necessarily be opinions of past and present brokers. Articles may be time and date sensitive. All statistical information utilized to create market reports has been obtained from the CRMLS. Information Deemed Reliable but not Guaranteed.

Copyright © 2021 Newport Beach Real Estate

Scroll to Top