while all your neighbors’ homes are snatched off the market. Why would anyone purchase your home if one very similar is priced thousands lower nearby? Common sense says that your home isn’t going anywhere anytime soon. Now you’re playing the waiting game while your peak selling time is slowly dwindling away. These dangers are the reasons that getting an accurate price on your home from the get-go is imperative to your selling for top dollar. There are several ways you can discover this elusive figure, but it isn’t necessarily a simple or cost-free endeavor. Avoid the most common mistake novice home sellers make. They don’t check comparable sales and just put the home on the market. It sounds too simple to be true, yet it happens all the time. At other times, they don’t check the highest and best value of the property and sell a prime development property for pennies on the dollar. One savvy investor bought a prime development property for $275,000 and resold it for more than $1 million! The sellers made the mistake of selling their property without checking out all their options.
HOW TO PRICE YOUR HOME IN A SELLER'S MARKET
Sold homes don’t matter that much. You should price your home to be competitive with the other homes currently on the market. But, you don’t have to match the price of what homes have sold for.
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