Seller Error Number One: Telling an Agent What You Need for Your Home
This is probably the most common mistake sellers make when listing their home for sale. The seller begins the conversation with "I need $500,000 for my home".
The reasons are invariably illogical. The seller says, "I need that much money for my retirement" or "the house we want to buy costs that much". Or the seller hands the listing agent a copy of an eight-year old appraisal that shows his/her desired sale price to be 100% accurate.
Why is seller insistence on a firm net sale price a huge mistake?
Because the seller doesn't determine what the net sale price will be.
Neither does the listing agent.
It's the market that will determine whether your home will sell, when it will sell, and for how much.
Sellers, don't waste time making illogical, unreasonable demands that are beyond your control.
If you hope to succeed in marketing and selling your home at a good price, concentrate on the things you can control, like the condition and cleanliness of your home. Overpricing is the number one reason why some homes just sit on the market, month after month, without showings or offers.
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