Choosing a real estate agent simply because they suggested a higher price for your home than other agents is not in your best interest. A good Realtor will know more about the market for your home than you do. Pick an agent who can give you accurate numbers and solid marketing plans. The person you choose to sell your home should be knowledgeable in the local area, trustworthy, and quick to answer questions or concerns regarding the entire selling process. Avoid this mistake by interviewing several agents and selecting the one who offers sales data and a strategic listing price, not the highest price. Subjective Price. Selling your home is a business transaction between a qualified buyer and yourself. If you have enjoyed living in your home for years but have decided to move on, do not let emotional attachments to the house affect how you price it. The most objective price will come from the CMA provided by your real estate agent. Memorable moments spent in your home are priceless but do not add to the selling price. It is also unrealistic to attach a "price premium" because of the labor spent making the house into the home you desire. You can maintain a professional demeanor by focusing on the CMA results. First-Day High-Price Blues. The first ten days of listing your home on the market are crucial. During this time, the MLS listing generates interest among potential buyers. It is essential to price your home correctly, not too high or too low. If the price is too high, buyers may move on to other properties because they are out of their budget or seem overpriced compared to similar homes in the area. If the price is lowered later, it may be too late, as potential buyers may have lost interest in your property. If your home remains on the market for too long, buyers may question why it hasn't sold yet and may assume that the property has an undesirable aspect.
Setting the right price is crucial to attract potential buyers and
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