Both overpricing and underpricing are serious mistakes when it comes to real estate selling. Pricing must follow a thorough understanding of the present market scenario. Do enough research and take the advice of the real estate professionals in fixing the right price of your home. Get familiar with the comps in the local area and clearly understand which price is right for your home. Underpriced properties are likely to give an impression that there’s something wrong with the property or the seller is anxious to sell. Overpriced homes may languish in the market and sit for months. Home pricing is an art in which experienced real estate agents are experts.
Not Hiring a Real Estate Professional
Homes without professional real estate agent representation are more likely to remain on the market longer and may end up selling for a lower price than those that used agents. This is truer about vacant homes selling, where the seller might not be well versed — or even live — in the geographic area. House selling is a highly professional task and the intervention and support of an accomplished professional really matters. When the sale of the other properties is ably guided by professionals, your decision to sell it yourself can affect the sale significantly.
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