Mortgage Delinquencies Soar in the US!
Agents...educate your sellers! Sellers...listen up! The longer your home sits on the market, the less your home is worth. If you price your home competatively in the beginning, you will get more for your home than if you systematically decrease your price with the changes in the market. It is so important to listen to your agents and agents, you need to be realistic and truly aggressive in your pricing and educate your sellers. Think of a graph with Price on the X axis and Time on the Y axis... In the beginning, prices are at the highest they will be and you will get the MOST for your property. As your listings sits on the market, price goes down and time goes up. If you decrease your property along the time line, you may NEVER sell! (In a timely manner) :) If you price aggressively in the beginning, i.e. price in the middle of your timeline, you will be more apt for a) a quick sale b) the best price for your home c) less headaches and money out of pocket in mortgage payments! Keep this in mind when meeting with clients/agents.
Happy selling!
Valorie Ford
Keller Williams Realty
www.CharlottesvilleHouseValues.com
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Great Blog, but you know how stubborn Sellers can be, half the time I don't even know why they speak to an agent since the clearly are experts themselves LOL. Great idea with the X & Y axis, never thought of it like that. Thanks!