When it comes to selling your home, the most important factor in getting it sold is proper pricing. The number one thing that can keep your home from selling is overpricing. You have to ask yourself, do you want to list your home or do you want to sell your home? Let me tell you what problems can occur from the overpricing:
- Your property will not sale, you cannot compete with the home that is properly priced.
- By overpricing your property, it helps other properties on the market to sell when their home is property price.
- Agents do not want to waste their time by showing an overpriced property.
- By sitting on the market for a long period of time, your property gets "market worn".
- If you do find an interested buyer, you will have to worry about whether or not the property will appraise.
To save yourself a lot of time and aggravation, remember that the value of the property is determined by what a buyer is willing to pay, not what you feel it should be worth.
To assist you in determining the correct selling price of the home and the highest price the market will bear, you need to have a Competitive Market Analysis of your property done by your local Realtor®. This will help you achieve your personal selling goals in the shortest amount of time for the best possible price.
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