Home Seller FAQ 4. Why can't I list High at the start? I can always decrease the price.

Great post!  Succinct and easy to understand.  Think I will arm myself with it on my next listing appointmnt.  People just don't want to buy stale bread and that is what an overpriced listing reduced many times seems like to them.  Thanks for a really good blog.

Gita: Good explanation of why sellers should NOT over-price their home.

Good advice for home sellers, Gita.  You are doing a great series.  This should get you lot of activity on your website and new sellers as well.

As someone in my training 12 years ago said, you get most of your buyer traffic within the first 3 wks of being on the market so you have to take advantage of that..

Good morning Gita, I love your series of FAQ. this topic is very important becuase simply if you price it too high, nobody may look at your home. In areas that experience "seasons" where 3 months of teh year 3/4 of the houses sell they could miss the whole busy season.  Have a great Friday

Sellers need to understand that they don't set the price the market does and they had best listen.... also there is a difference between value and price.... they are not the same but are taken for the same all the time. 

Thanks for the good read.

Sellers aim high, buyers aim low and the truth is somewhere in the middle.

Pricing is the key to a happy relationship. 

If the seller is recalcitrant, the deal is done. 

Gita- Very good explanation. With the way the market is here if you price it right from the start multiple offers have been common which of course drives the price above list a lot of times. Pricing too high is always a lose situation. Suggested.

Gita- what a great explanation.  I know that so many people want to start high and I'm sure no one ever wants to feel as if they've left any money on the table.  They never look at the money that's being spent on their home while it sits there.  And the offers that would have come had they priced it correctly at the start.  

Gita, Very simple fact but so hard to get across sometimes with few home sellers. Price it right and move on! Very well writting blog.

Gita, great advice, and hopefully buyers in and around Warwick will consider you as their expert and call when listing their homes!