When buyers are searching for a home, the most important thing they are looking at is the listing price of the homes they like. Your realtor and you will discuss and decide on a listing price, but in the end a potential buyers will decide what the selling price should be. When the listing price is excessive, the majority of buyers will look elsewhere – and quickly. This is why the listing price for your home needs to be determined fairly.
When a home-listing price is a fair value, the home will usually sell faster than other similar homes. You will find more prospective buyers with a properly priced home also. Other realtors will show more interest in your home if the listing price is close to accurate and your phone will ring with more showings. The home-listing price you choose is vital to your sale.
It is no surprise that overpriced homes are prevalent on the market and this occurs for numerous reasons. You want to do whatever you can to steer clear of over valuing your home since potential buyers will avoid your home in droves. This is a common problem since many realtors will be intimidated from pressing the homeowner for a reasonable listing price. Often sellers have a price in mind and they will not budge from it – as if THEY were the experts. If a home is in a great area, they may ask a premium on their home. Location is critical too many buyers but price trumps location every time.
The majority of interested buyers for your home will notice it in the first few weeks so asking the right price can generate a fast sale. Over price your home and you lose that immediate interest and your home will sit with few … [Read More]