How Much Should I List My House For? Tips for Selling in Orange County

By
Managing Real Estate Broker with RE/MAX Prestige 01723613

In the Orange County real estate market, and probably every other market in the world, it's common for sellers to think 2 very specific things when considering listing their home for sale:

 

1.         Their home is better or different than every other home; and

2.         Their home is worth more than every other home.

 

As real estate professionals we deal with this on a daily basis. Almost always, a seller's strategy is to price it high and see what happens. The rationale is the price can always be lowered if no offers are presented.

Unfortunately, there are many real estate agents who are too scared to lose the listing and will not tell sellers the truth. Inevitably, the sellers will end up reducing the price 30, 60, or 90 days later, many times when it is too late.  

The truth is an experienced real estate professional will know how to get top dollar for their clients and be able to provide an optimal list price. Under pricing a home should not be as much of a concern as overpricing.

For example, if a property is given the proper exposure via the internet and other avenues of advertising, potential buyers will see a good deal and jump in to bid on the property if it is low. However, in the reverse scenario nobody is interested or makes an offer because the price is too high. This can create stale listings and homes that would have otherwise sold at full market value, to sell below market.   

 

3 Simple Tips to Selling at Top Dollar:

 

1. Hire a reputable real estate professional. These are full-time professionals who understand the market conditions and know how to get you top dollar.

2. Do not use a non-strategy, like pricing it high and hoping that someone comes out of the wood-works to buy an overpriced home. This can actually backfire and cause the property to sell less than market value, even in a "hot-market".

3. Be realistic about your property, the market conditions, and your motivation to sell. Listing a property to sell with unrealistic expectations can be very frustrating and an emotional roller coaster.

 

 

Although information is available on the internet, there is NO SUBSTITUTE for the services of a top real estate professional. We will NEVER be replaced by Zillow, Trulia, or any other automated system. So sellers should engage the services of these people as early as possible in the process.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Best Practices
Location:
California Orange County
Groups:
southern california real estate agents
Orange County Real Estate
Realtors®
Advice for Sellers
RE/MAX Active Rain Bloggers
Tags:
how much should i sell my house for
how much is my house worth
orange county house values
tips for selling my house

Spam prevention
Show All Comments
Rainmaker
705,503
Kathy Stoltman
Rockwood Realty - Ventura, CA
Ventura County Real Estate Consultant 805-746-1793

Sammer, it always amazes me that no one will write an offer on an overpriced home, even if there are compelling comps to show just how over priced it is.  Sellers should understand that overpricing their home thinking they will get offers are mislead, it usually results in no offers and then the sellers will need to reduce the price often lower than if they priced it competitively from the start.

Jun 26, 2013 11:11 AM #1
Rainer
21,666
Sammer Mudawar
RE/MAX Prestige - Anaheim Hills, CA
OC Real Estate Blog

Kathy, I definitely agree that many sellers are misled and they end up figuring it out when it is too late!

 

Steven, you are right on. When a property sits buyers will just wait to see what happens and consider the property to be tainted.

 

Thanks for your comments!

Jun 26, 2013 04:00 PM #3
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
21,666

Sammer Mudawar

OC Real Estate Blog
Ask me a question
*
*
*
*