I heard a seller remark yesterday she had been told she priced her home way too low because "it has only been on the market a week and she already had a contract!"
My thoughts (I did not respond as she was not my client) included...
- Sellers are not obligated to accept any offer.
- The longer a home is on the market the less desirable it gets (Buyers think "what is wrong with it?")
- In a declining market waiting may result in even lower offers especially with an unknown number of foreclosures that will eventually hit the Brevard County Florida real estate market.
- Will you feel better if your home sits for 110 days (the average days on the market) before you get an offer?
The reality is simple: Homes that are priced right are selling. Sellers may negotiate a little but for the most part they have been presented with the comps and know what a good offer should be!
There are some signs your house is not priced right. Competent real estate agents will look for homes that are priced right ( for the location, condition and competition (market)) and will show their motivated clients these competitve gems.
One other thought....if your house has been on the market for a month or more and you have had little activity, consider the 30-10-1 rule [on the market for 30 days, less than 10 showings and not even one offer, then the price is not right].
If you are considering selling your Viera, Suntree and Rockledge home, call me to discuss how I can work for you. Call me directly at 321-693-3850 or email me.
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