purchase. Lenders will require a home appraisal to verify the current market value of the home. If your home doesn't appraise out, the lender will either refuse to lend the money to the buyer or require the buyer to come to the table with the balance in cash. Expect the buyer's agent to ask YOU to make up the difference with a price reduction.
Guessing vs Researching
Basing your home price on what the neighbor down the street listed his home for isn’t a reliable method. Nothing loses potential buyers faster than an overpriced home! NOTHING! Lowering the price weeks or months later can make it seem like you’re desperate to sell, which will invite low-ball offers. However, you don’t want to underprice from the start, either. A lower listing price may reduce the time to sell slightly, but you could end up leaving thousands of dollars on the table. Learn how to price your house correctly based on research. Hiring an Agent from the Highest-Price Suggestionsource for setting an asking price. If a home in your area sells for a low price, don’t assume yours is worth the same amount. That home may have had condition issues or a personal issue requiring a very swift sale. Maybe a family member bought the home at a discount. Your home might have something to offer that the other one did not. Let the CMA the be your guide, along with the advice of a real estate professional.
Hiring an Agent from Highest-Price Suggestion
Choosing a real estate agent simply because they suggested a higher price for your home than other agents is common, but is ABSOLUTELY not in your best interest. A good real estate agent will know more about the market for your home than
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