The key to a successful home sale is pricing your home correctly from the start. The biggest mistake any seller can make is pricing their home too high. With all the technological tools for today’s buyers to use it’s easy for a buyer to determine if a home is priced too high. If a home is priced too high it’s going to stay out on the market for a longer than normal time frame and you are going to begin to get buyers to start wondering what’s wrong with that home; it’s been on the market forever, it must have major problems. How can you avoid this? It’s simple; make sure you get at least 2, if not 3 different real estate agents to give you their opinion of value. Be sure and ask for comparable homes that they are using to help determine your home’s value. Take that report and go out and drive by those homes that have recently sold and ask yourself “How does my home compare to theirs?”. You can also hire an independent licensed appraiser to also assist you in finding your home’s value.
What else can you do to ensure your home is properly priced in today’s market? Get a list of homes in your home’s price range and set time aside to go out and look at your home’s competition. This will not only get you more familiar with your competition and you’re also seeing what the other buyers are seeing, but you will also be able to get some great ideas to help get your home sold.
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