Many sellers think that an overpriced property can reduced if it doesn't sell. The danger with this is by the time the property is reduced to "fair market value" buyers loose interest in the property and think there is something wrong with the property. Buyers then question; Why it hasn't sold?
I hear these comments from Sellers when I go on a listing appointment for asking more than what the property is worth:
"Lets Try a Price for a Couple of Weeks." OR "I need My price to sell my home." OR "I have to pay off my credit card debit." OR "My house had wood floors installed 20 years ago and I paid the builder extra." OR This is a custom paint job by Goomba Mike the Painter...I paid extra for the chair rail in the kitchen." OR "My house is all brick.....vaneer." Okay Okay.... So I may have exaggerated .....Not!
Real estate agents are constantly on the alert for new properties to show their qualified buyers. And, buyers receive email alerts as properties are newly posted onto all the real estate sites. As a result, the most activity is when the house is first placed on the market. Therefore, its very important to price your home at the best price when you first place your property on the market.
Week 1 A new property on the market generates a high level of interest
Week 2 Peak market awareness during the first Two Weeks on the market
Week 3 Declining awareness and interest as other new properties arrive on the market
Week 4 Continued decline in Awareness and Interest
A Realtor can help a home seller find the market value of a property with a Comparitive Market Analysis. Setting a Fair prices helps to sell a home faster and at the maximum price.
Visit my web site http://www.pepenella.com for more Seller Tips!
Comments (7)Subscribe to CommentsComment