Sellers, you have an excellent opportunity to sell your home this season, if you have the right pricing strategy in place from the start! Inventory is down and we are off to a great start for 2013. The market is starting to shift and sellers will have the advantage soon. It is still important, however, to price your property correctly. Studies show that the longer a property stays on the market, the less the seller will net upon the sale. The property may appear less desirable to the buyers. It is very important to price your property at a competitive market value at the signing of your listing contract. The market is so competitive that even over-pricing by a few thousand dollars could mean that your house will not sell.
An Overpriced Home:
- Minimizes offers
- Decreases agent response
- Limits qualified buyers
- Decreases showings
- Limits financing
- Wastes advertising dollars
- Nets less for the seller
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