The first sign a home is not priced right is you have no showings in what I call the "golden period." I have coined this term to describe the first two weeks it is listed.
Competent real estate agents and shrewd buyers are always watching for new listings. They want to buy but they are particular. It is during the first two weeks that your listing will garner the most activity. If it did not, look at the price.
Another sign is the 30-10-1 rule. Basically it means if your home is listed for 30 days and has less than 10 showings and not one offer, then the price is an issue. Sure this is a buyer's market but a home that is priced right will get the appropriate attention early on in the process.
An extreme example would be a home listed for 90 days with only one showing. Definitely a pricing issue.
If you are considering selling your Rockledge, Viera or Suntree home, please give me a call to discuss how I can market your property. Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, 1211 Admiralty Blvd, Rockledge, Florida. Email me at firstname.lastname@example.org or call me at 321-693-3850.