Oh yes, you'll get a lot of showings because buyers trying to make a decision between the two will want to look at both so they can compare them and then, given everything else being about the same, they are going to march right down the street and buy the other house.
If you have an overpriced home, you are hurting yourself and helping other homes sell!
To get your home on the market in it's correct price range, list it with us!
For r
eal estate sales and purchases in Choctaw County Oklahoma and McCurtain County Oklahoma, including Idabel, Hugo, Valliant, Swink, Sawyer, Millerton, Garvin, Fort Towson, Lake Raymond Gary area, Pine Creek Lake area...
Call me, Judi Barrett, 580-212-5946
Jody made some excellent points here and graciously has allowed her post to be reblogged. Thanks, Jody!
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.
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Judi, this is an excellent reminder, thanks for re-posting this blog. We have had lots of training in the last year dealing with this very issue. It is very hard many times to convice a seller that the current market is dictating the sales price.