"What is the most effective strategy for selling a house that hasn't sold despite multiple price reductions?"

According to a study, homes that are priced correctly from the start sell 38% faster than those that have to be reduced in price.

Homes with high-quality, well-lit, and decluttered listing photos are 65% more likely to sell within the first week of listing.

Staging a home can increase the sale price by up to 10% and reduce the time on market by up to 73%.

90% of homebuyers start their search online, so having a strong online presence is crucial.

The longer a house stays on the market, the lower the sale price will be.

On average, homes sell for 4.3% less than their original list price after 120 days.

The majority of homebuyers (67%) consider a home's virtual tour to be important or very important in their decision-making process.

One large price reduction is often more effective than making multiple small reductions.

Homes with neutral-colored walls sell 10% faster than those with bold or bright colors.

Upgrading a home's lighting can increase the perceived value of the property by up to 10%.

75% of buyers consider the kitchen to be the most important room in the house when making a purchasing decision.

60% of buyers consider a home's curb appeal to be important or very important when deciding whether to view the property.

Virtual staging can increase the sale price of a home by up to 5%.

Reducing the price of a home by 1-3% can increase the likelihood of sale by up to 20%.

In some markets, professional photos have been shown to help sell homes up to 32% faster.

42% of buyers consider the master bedroom to be the second-most important room in the house when making a purchasing decision.