looks at recent sales of homes that are similar in size, condition, location, and features, and also considers homes currently on the market and those that didn’t sell, giving you a realistic view of what buyers are actually willing to pay. This data-driven approach helps you avoid pricing too high and scaring off buyers—or pricing too low and leaving money on the table.
Hiring an Agent from Highest-Price Suggestion
Choosing a real estate agent solely because they suggest a higher asking price than others isn’t necessarily in your best interest. While an inflated price might sound appealing, it can lead to a longer time on the market and a number of price reductions. Similarly, selecting an agent simply because they promise a quick sale can also backfire, as it often involves underpricing your home. A good real estate agent will present all the facts, explain the potential outcomes of each option, offer their professional opinion, and ultimately respect your decision. Pick an agent who can provide you with real numbers and solid marketing plans to choose from. They should be knowledgeable in the local area, trustworthy, and quick to answer questions or concerns regarding the entire selling process. In short, don’t be swayed by flattery or inflated promises—look for facts and strategy.
Overpriced and overlooked
The most crucial time for your home is the first 10 days on the market. This is when your listing gets the most attention from serious buyers who are actively watching the market for new inventory. If the price is set too high, buyers are likely to skip over it—either because it’s out of their budget or doesn’t align with comparable homes in the area.
By the time you decide to lower the price, they have moved on
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