SELLERS BE CAREFUL...If you list TOO HIGH, YOU may end up with TOO LITTLE

Reblogger Gloria Todor
Real Estate Agent with Century 21 Absolute Realty RS284559

If you are thinking of selling your house, PLEASE read this post and listen to the guidance of your chosen REALTOR.  Thanks to KATE she spells out the scenerio of what happens when a house is listed to high from the get go.

Thank you Kate!

Original content by Kate Elim VA 0225142975

Sellers be careful...If you list too high, you may end up with too little.  Yes, that can happen and often does.  Why?  That's a question I will address but you should talk with your agent to see if this is true in your market area.  It certainly holds true for many.

By pricing too high you discourage a number of buyers from even looking.  That's for starters.  When folks start looking for property they are usually hoping to find what they want at the lowest possible price.  Often they will begin by looking at homes that are less than they will eventually pay.  If your listing is well above their range it will be eliminated.

Eventually they may well move up in price but your home may still be out of reach.  Once again it is bypassed.  Meanwhile your home has been on the market with few if any lookers.  You now have begun considering a price reduction.  Even with that reduction you are still above the list price your agent recommended.  Or, perhaps the agent you hired did not recommend a lower price, the other agents did.  No, the one you chose priced it where you wanted it.

As the listing times grows longer the price reductions you authorize escalate.  But are they big enough? 

Buyers are still in the driver's seat.  As long as that is the case, they will be looking for bargains and finding them.   Over priced properties are not on their list of places to see let alone purchase.

Are you really interested in selling?  If so, price it to get it sold!

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GET MOVING WITH KATE!

540-226-1964 cell

lakeanna.kate@gmail.com

lakeannacountry.com

lakeanna-realestate.com (Blog)

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Rainer
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Nancy Corsaut
Zephyr Real Estate - San Francisco, CA
San Francisco Realtor, CRS, GREEN

This is so true.  Buyers are especially price Sensitive these days.

Oct 31, 2010 05:39 PM #1
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Rainmaker
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Gloria Todor

& Doug Durren (484) 431-3686 in SE PA
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