Price your property correctly. If you don't, well---read on and find out what happens. It's better to wait and not list. This post explains the pitfalls of over pricing.
Are you still noticing that homes on the market are still being overpriced? We know that many sellers feel that their home is worth more than their competition. Afterall, it's human nature, but unfortunately buyers don't want to pay more and they will know it is over-priced.
A seller may think...why not start with a higher price because a buyer can make a lower offer? This is wrong. They won't make the lower offer because they may not see the house if it's not in their price range. Competition is fierce and they will just move onto the next house down the road that is fairly priced.An overpriced listing may not have an advantage for the Seller, the Buyer, or the Listing Agent.
- The seller's house is going to be on the market longer.
- The buyer may be missing out on a truly nice house.
- The listing agent may get a negative effect by the sign being out too long and it may show that they aren't able to sell the house!
It's true there are a fair share of agents who will take a listing at any price.
However, if you are serious about selling your house, price it right. If you are not serious about selling...then don’t bother putting your house on the market. It's just that easy!Larry and Sheila are Realtors with Charles Rutenberg Realty and can help you choose a home on Long Island to buy or can help you sell your present residence. We can be reached at 631-805-4400.
If your home or condo is listed with another broker, this is not a solicitation of the property.
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