Too many homeowners wanting the most for their property price it too high, above the suggestion of their agent. Then if it becomes a declining market as it is now, the home looks priced too high to the current buyers and remains unsold as the total market dives. The property sits and before you know it the value is less than if they had originally followed their agents advice. To avoid this happening,get 2 Market Analysis to see what the professionals are telling you. Remember a few agents will price it too high just to get the listing and then the pressure begins. So the best strategy is price it to sell quickly. Take your money and run!
NetWorks Real Estate - Port Townsend, WA
Port Townsend
I couldn't agree more Bernie. Last summer I listed a home just as the market was taking a dive. I did a CMA for my clients and they took my advice, listing the house for the recommended price. They also did a magnificent job of staging the home. It looked like a show home. We got a full price offer first day on the market. Of course my clients were thrilled, but then came the question. Did we price the house to low? Shouldn't we have waited a couple of days. Fortunately my clients are pretty savy and understood when I explained to them that if a home is priced well it should sell quickly. You just never know, we could have priced it higher and not sold the home for 3 months.
May 11, 2009 09:07 AM
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