Come on down! The priiiiiiiiice is right!
A newly listed property usually receives the most number of inquiries within the first few weeks it’s placed on the market. As time passes and more properties come on the market, this initial burst of interest usually starts to fade. It is imperative that the price of your home is correct from the get-go.
If you overprice your home with the idea you can drop the price later, you are actually hurting your chances of selling during this first wave of buyer interest. If your home is also priced above a certain point, potential buyer’s may not even end-up seeing your property because of the higher price-range!
Pricing your property too low is just as harmful. Buyer’s may overlook the property because of the lower price tag and assume it may not fulfill their needs.
Keep in mind that the information you have, other people are also most likely to have – your Listing Professional will present you the exact same data that a competent Buyer Professional will provide their client’s prior to making an offer. Usually competent Buyer Agent’s have a good idea of how much your house should be worth, and in knowing so, pass this knowledge onto client’s.
Price your home correctly! Get your agent to provide you market data so you can make an educated decision with your Real Estate Professional and price the home based on market value! Because at the end of the day it’s the market that drives pricing.
Amit Bhandari
Sales Representative with Signature Service GMAC Real Estate
www.amitandroy.com
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