Destin Florida Real Estate- The Perils Of Over Pricing
Is 2025 the year for you to sell your Destin Florida vacation condo. Need every bit of equity possible to fund life's next adventure? If so, you are in a similar boat to most home sellers. Let's look at the possible perils of overpricing from the start.
1) Your Destin Florida Condo may get lost in the crowd-- Home inventory is rising along the Emerald Coast, this is more pronounced with the condo community. Ever dropped a penny into a pile of other pennies? Sort of the same theory here. Your property may get lost in the crowd.
2) Price reductions are painful- Think root canals done circa 1973 on the pain scale. As home sellers we tend to assume we will get close to asking price. Hence we will mentally "spend" the proceeds before securing a buyer. Thus any price reduction feels like you are losing money.
3) Time on market does not determine which unit sells next-- "We have been on the market longer than the Millers" does not have a place in the equation. It's not uncommon for property priced homes to rush to the front of the SOLD line (in fact, that's what the recent sold data suggests. Homes either sell almost immediately or linger. Rarely anything in the middle).
4) As time on market grows so does seller fatigue-- After a while sellers get tired of having their condo on the market. It's not uncommon to see units exit the market prior to the expiration of their listing contract (know as a canceled listing).
Want to get top dollar for your Destin Florida condo? Let's take a close look at the recent sold data and come up with a number that will demonstrate value to the buying public.
How Do We Determine What Your Destin Florida Condo Is Worth
Need a top local real estate agent to make your Destin Florida condo the "shiny penny" of the market? Call Doug Rogers (318) 613-1994 with RE/MAX Coastal Properties. Care to see how your home compares to the local competition? Go to Destin Florida Condos For Sale to review properties posted on the MLS.
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