Sellers think their homes are worth more than their real estate professional recommends, and buyers think these same homes are worth less.
Will Nesbitt
It’s a difficult disconnect that makes selling properties a challenge. Successfully marketing a home requires that the price be set carefully -- or it will languish on the market. Among the considerations:
How many homes are for sale in the neighborhood? The more homes on the market, the more important it is to list at the lower end of the scale. No matter where you price your home, buyers are going to want to understand the rationale behind why your house is the cheapest or most expensive. In the end, buyers will pick the house with the most value.
Take short sales and foreclosures into consideration when pricing. If the competing properties are in lousy condition, they are less of an issue, but if they are well taken care of, yet priced 25 percent below market, they can be a serious factor.
Negotiate decisively. Many buyers have options so when you counter an offer, be prepared for the possibility that the counter might be the end of the discussion.
If you have to . . . cut the price. If no one shows up for an open house, if no one calls and if there are no offers, then the price is too high. That means it's time to make a meaningful price cut.
Nesbitt Realty is a family-run brokerage. We appreciate every client and we'd love to help you achieve your real estate goals. Talk to us today to learn more about what we can do for you in {Location_Name} or to get a free assessment of your property's value. Nesbitt Realty has received numerous awards and recognitions for client satisfaction because we get results that make our clients happy.
We'd love the opportunity to show you about why our clients rave about our service.
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