One mistake you see happen again and again is over pricing a home when first listed. We agents can be just as guilty when we try and sell our own homes. The emotional aspect of selling can cloud your judgment. Take a step back and remember what your goal is.......sell your house.
Here is a link to a great article on HGTV's Front Door website. It covers all the reasons why you want to have your home priced correctly when it first goes on the market and how to accomplish it.
Pricing Mistakes and How to Avoid Them
Information is the key. Having an agent that provides you with accurate market data is a must. Do not be swayed by the agent who comes in with the highest price. Really look at the data that is given to you. Every month your home is overpriced you pay the price, in money and time.
Personally I have recently had two properties I own in a partnership appraised. WOW! Big disappointment when the appraisals came in. Substantially lower than what was anticipated. The one appraiser provided extensive market data. Not the news any of us wanted to see but it is the reality of today's market.
No comments:
Post a Comment