This is a must read for our sellers who want to "test the market".  Listen to your real estate professional and be realistic in today's market.  Read more below...

Via Jody Deeds (Solutions for Real Estate):

Preparing to sell your home takes some planning and expert advice, especially when it comes to setting the price.

You'll find everyone becomes an expert and wants to offer their opinion on the price...neighbors, family, co-workers, etc.  And...while all of these individuals have good intentions and only want to help, it is crucial that you take into account all factors involved:  market conditions, similar style homes that have sold in your area, your homes currently on the market, is it a buyer's market or seller's market, condition of your home, how fast homes are selling, terms and incentives, etc.

Avoid testing the market!  Set a realistic price based on the facts involved.  Pricing too high will only help sell competing homes in the area and you'll lose your initial rush of good qualified potential buyers.  The longer a home stays on the market, the lower the offers and less negotiating power there will be for you. 

How much you paid for the home and how much you want to profit, are important to you, these factors do not affect the market value of your home and what Buyer's are willing to pay. 

 

For a personal pricing consultation, give us a call at 614-755-9566.  You can also visit us on-line at www.sellyourhomecolumbus.com for helpful information.

To view La Quinta developments, custom estates & golf course communities visit our comprehensive website at www.LQ-Homes.com.  Contact us at 1-760-567-9100, we are here to help you find the desert home of your dreams or sell your home for top dollar!

Copyright © 2009 Susan Laxson. All Rights Reserved. Information from sources deemed reliable, but not guaranteed. 

 

3 Comments on Your Asking Price might be Selling the House Down the Street

NOV
05
Outside Blog

Laxson, words well expressed about discouraging sellers to test the market and get realistic about pricing in this market not one in the past.

7:35am • #1

Great post! I love the way you shed some light on this very important topic.

7:40am • #3
219,683 Points 4 Featured Posts Outside Blog

Laxson, reminds me of something I heard on one of the TV programs. "Do you want to stay ahead of or chase the market." Testing the market will definitely cause the seller to chase the market. Good post. Thanks.

8:07am • #4

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Laxson Associates l La Quinta Real Estate

La Quinta, CA

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Address: 78-297 Highway 111, La Quinta, CA, 92253

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