Is Price really the No. 1 incentive to get people to look at your listing?
Sudies contuinue to show that when you price a home correctly right from the start you will get more showings and a higher sellling price than if you priced your home above current market value just to see what happens.
The reality is: When a home is priced too high, you are forced to lower the asking price and price reductions sometimes weekly, are a common accurance with some when selling a home today.
Studies continue to show, once a property fails to sell at its debut price, the time it spends on the market can encourage buyers to be aggressive in negotiating and bring lower offers than average. Price reductions continue to encourage this aggressive bargaining."
If you are serious about selling, NOW is the time to adjust the price to whatever it takes to get the property sold. PRICE ALONG WITH AN AGGRESSIVE MARKETING PLAN.
NO one knows where the market is going. Now is the time to price right and sell if you are ready to sell. If you're upside down (owe more on the home than it can sell for), but you can get out of it for $10,000 today, do you want to wait a year and risk getting out out for $20,000? That's what sellers need to think about. This is a selling time based on where the market is going and a buying time if you are ready to benefit from the low interest rates and great home buying opportunites.
No one wants to make these hard decisions, so they do so with a long term plan involved. Just remember, if your waiting for the market to "turn around" it may be a long road if your a seller. If you are a buyer NOW is the time to enjoy the benefits of home ownership at the right price. If your are going to be in your home for 7-10 years this is your time.
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