listed his home for isn’t a reliable method. Nothing loses potential buyers faster than an overpriced home. Subsequent price lowering makes it look like you’re getting desperate to sell, which will increase low-ball offers. However, you do not want to underprice from the beginning either. A lower listing price may decrease the time to sell a bit, but you might leave several thousand dollars on the table. Learn how to price your house the right way, based on research. The Comparative Market Analysis (CMA) is your best source 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. Your home might have something to offer that the other one did not. Let the Comparative Market Analysis (CMA) be your guide, along with the advice of a real estate professional. Also, DO NOT base your pricing decision on an online automated price valuation. Those systems are highly inaccurate and can lead to problems. I have addressed this issue in previous chapters but cannot stress this enough.
Hiring a Realtor from Highest-Price Suggestion
Choosing a real estate agent simply because they suggested a higher price for your home than other agents is not in your best interest. We call that "Buying the Listing" A good Realtor will know more about the market for your home than you do. A full- time Realtor looks at hundreds of homes and prepares valuations all the time. Their skills are kept sharp by constant research and being in the market on a daily basis. They are giving you their best advice by providing solid evidence and detailed targeted 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
92
Powered by FlippingBook