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The worst home selling mistake!

By
Real Estate Agent with RE/MAX R.E. (Mountain View)

Are you one of the many home sellers trying to sell your house?

Did you choose the Realtor who quoted the highest price for your house?

This is the most  common mistake made by many sellers. The Listing Realtor lists your house for the highest price and tells you that someone out there will pay this price. Did you ever stop to think that this is a buyers' market? Even if it was a balanced market, most of the buyers work with Professional Realtors, who act as their advisors. Why will a Buyer's agent make his client put an offer on a house which is way too over priced?

Anyway, you end up reducing the price of your house eventualy. But the window of opportunity has already closed as most of the serious buyers who looked at your house end up buying someone ellse's house. The only option you are left with is either have the listing expire or reduce your price way too much and some buyer will take advantage of your desparation.

So why not start with an optimum price at the first place?

Raj Khurana
RE/MAX R.E. Mountain View
ABR, e-PRO, PFP, CERC Relocation Specialist
(403) 701-5151

raj@rajkhurana.ca

 

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Robert Havana
Park and Protect- Alberta Real Estate License Parking - Calgary, AB
Alberta Real Estate License Parking

That is so true.  Many realtors are guilty of buying their listings by quoting optimistic prices to homeowners.  The current buyers market should help shake many of those realtors from the business.

Feb 22, 2009 05:07 PM