money.
Price Dropping
Another pricing trap to avoid is listing a price for your home far above other homes in the area with the thought the price can be dropped if it does not sell after three months. That is potentially workable in a stable or increasing market. However, if the market in your area is declining, you may be forced to reduce the price even more to catch up to the falling market. Price competitively from the beginning. Do not hesitate to reevaluate your local market. Work with your real estate agent to determine the fair market value of your home.
OTHER SELLERS’ MISTAKES
Here’s a list of “don’ts” to help people avoid the pitfalls of an otherwise-successful sale:
Selling Before Getting Qualified Yourself
Entering a contract to sell your home before you get qualified to buy another is problematic. Your financial circumstances may have changed since your last purchase, and you might not be able to qualify for a loan, or you might not be able to sell at a price that allows you to buy the type of replacement house you want. You could end up renting or buying something that was far from ideal.
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