In chess, there is a concept called Zugzwang. It describes a situation where a player is put at a disadvantage because they must make a move, but every available move makes their position worse.
Many sellers feel this way after their property has sat on
the market for three, four, or five months.
They feel stuck. If they lower the price, they feel they are
"losing" money. If they keep the price the same, the property
continues to gather dust, becoming what I call a "stale listing."
But here is the truth: You are not in Zugzwang. You are just
afraid to pivot.
In my last article, we discussed how overpricing causes you
to lose the market. Today, let’s talk about how to get it back.
The Sunk Cost Fallacy
The biggest enemy of a stale listing is not the market
conditions; it is the seller’s ego. We tell ourselves, "But I’ve already
waited this long, surely the right buyer is just around the corner."
This is the Sunk Cost Fallacy. It’s a refusal to change
course because of the time or effort already invested. But the market does not
care about how long you have waited. The market only cares about value.
When a house sits, the market is speaking to you. It is
saying, "Not this." To save the sale, you must stop hoping and start
pivoting.
1. The Price Pivot (The Band-Aid Rip)
The most painful pivot is the price. Sellers often want to
chip away at it—dropping it by $1k or $2k, hoping to trigger a search alert.
This is death by a thousand cuts. It looks desperate, not strategic.
If you are going to re-price, you must do it decisively. You
need to drop to a bracket that exposes the property to a completely new set of
buyers. A decisive adjustment says, "We are serious." A small
adjustment says, "We are worried."
2. The Presentation Pivot (The Re-Dress)
Sometimes, the price is fair, but the "packaging"
has become invisible. Buyers have scrolled past your listing photo ten times.
They don't even see it anymore.
We need to change the lens.
* New Hero Image: If
the main photo was the exterior, swap it for the stunning kitchen.
* New Description:
Rewrite the copy. Stop listing features ("4 beds, 2 baths") and start
selling the lifestyle ("Coffee on the east-facing veranda").
So when I phone you
as your agent with your best interests speaking about the need to readjust the
price do listen. Let’s pivot together
3. The Access Pivot
I often ask sellers of stale listings: "How easy is it
to buy your house?"
If you require 24-hour notice, no weekend viewings, and
"pre-qualification letters" before a buyer even steps inside, you are
building walls around a house you are trying to sell.
A stale listing needs oxygen. Open the windows. Make it
incredibly easy for people to see it. Friction kills deals.
The Comeback
A pivot is not a failure. It is a strategy.
Staying the course when the course is wrong is failure.
Realizing that the market has shifted and shifting with it? That is business.
If your property has been sitting, do not let it become a
permanent question mark. Change the price, change the look, or change the
strategy. But do not just sit there.
It’s your move.
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