On the other hand, when a home is priced far below market value, potential buyers might think there is some hidden, ominous fault with the property, even if there isn’t. That kind of mentality can leave a home hung out to dry, which wastes our valuable time. The longer a property stays on the market, the less money you are likely to make. Pricing too high obviously leaves your home sitting stagnant while your neighbors’ homes are snatched off the market. Why would anyone purchase your home if a very similar home nearby is priced thousands of dollars lower? Common sense says that your home is not going anywhere anytime soon. Now you’re playing the waiting game while your peak selling time is slowly dwindling away. These dangers are why 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 mythical 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, but it happens all the time. At other times, they do not check the highest and best value of the property and sell a prime development property for DANGER ZONE #2: PRICING ABOVE VALUE
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