Selling Your Home? Set The Price Right!

June 7, 2019

If you are thinking about selling your home, the most important step is to determine the price of the house ‘spot-on’ from the very beginning. Many homeowners make the mistake of overpricing their home and then struggle in finding a buyer. If you are considering selling your home, contact and meet with a local real estate professional who has the knowledge and expertise of the local real estate market. Seek help from them in setting the price properly from the very start. Their main tasks are to help you set the right price and then get prospective buyers to your home. They have the means to retrieve the most up-to-date information about recent sales of comparable homes and competing listings in your neighborhood.

Homeowners naturally have an emotional attachment with their homes, the value of their homes and the price and the profit they want to get out at the closing table.  Recently price cut or price reduction of homes in the market have increased. Overpricing is the prime culprit. Over pricing will eventually cause the homeowner to drop the price, even multiple times. The homebuyers who see these price reductions will wonder if it is due to something not right or improper with the house. That may not be the case. Nothing may be wrong with the house but the guilty factor most likely will the price that was too high in the current market. If you list your house too high, marketing and finding a buyer will be hard even if you cut your price afterwards. Therefore, pick a credible listing price at the start of the game. Use actual sales data (not asking prices) number of houses not yet sold in your neighborhood that are pretty much match your home such as in their square footage, location, views, etc.

If the home is appropriately priced and marketed well, you will be successful in reaching serious buyers in 2-3 weeks of listing your home.  Contact your preferred agent who can discuss your needs. Working with the right agent makes all the difference.
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Posted by SEESAN who is a real estate Sales Associate at Berkshire Hathaway Home Services Fox and Roach Realtors-Bear, DE office. As a Realtor, he is passionate about helping others to market their homes as well as to find homes for them. You can get in touch with him contacting at  https://seesaned.foxroach.com/  or Cell 206 715 1642, for free consultation.

 

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