The single most important decision you will make with your Real Estate Professional is determining the right asking price for your property.
Too high a price causes a property to “miss the market”. Agents will be reluctant to show an overpriced property, except perhaps to make a competing property look more attractive by comparison.
While there may seem to be no harm in starting high and lowering the price if necessary, testing the market is risky. A property receives its fullest exposure during the first 3 weeks on the market. The overpriced home often becomes “stale”.
Pricing your home correctly will ensure your home sells for the best possible terms in the least amount of time.
THE BENEFITS OF PRICING RIGHT
- Your property sells faster, because it is exposed to more qualified buyers.
- Your home doesn’t lose its “marketability.”
- The closer to market value, the higher the offers.
- A well-priced property can generate competing offers.
- Real Estate Professionals will be enthusiastic about presenting your property to buyers.