Search Site
Selling A Home Make Sure Your Price Is Right

For those selling in this market it is tempting to try to begin a listing at the higher price to try to maximize the final net figure once the house is sold. Many sellers think that by starting out high, they will ultimately sell for more , even if they have to come down on  their asking price later on. Unfortunately, this strategy ends up backfiring on many. By starting out high you will not get the majority of the buyer pool that have been looking and are primed to buy. They will most likely avoid your home based on the price. Sure you can reduce the price later on, but at that time, many buyers will view your home as an opportunity for further negotiations based on the fact that your home didn’t sell and you are now lowering the price. In the past 30 days, approximately 25% of the homes on the market have had their prices reduced. So why not price it right from the beginning so that those buyers who have been looking will spot the value and make an offer. In many cases where the price is right, multiple buyers will surface and make offers. In many cases the price gets driven up when this is the circumstances. So arm yourself with the knowledge you need to establish the correct price. Ask the realtor for comps so that you can compare the recent sales of similar homes. Also look at the current listings to see who your competition is in the market. Being realistic in this approach will result in a quicker sale and more money in your pocket.

Share this:

Like this:



Leave a Reply

Your email address will not be published. Required fields are marked *

Client Reviews
  • "My name is Emilio. When I was buying my property, I hired Mr William J Reinhardt Jr as my Real Estate Attorney, it was one of the best decision I ever made because he did everything in his power to make sure my purchase was successful. For example, The utilities bills left over by the person who owned the property before me. I said thank you to Bill for not allow me to pay these costly bills." - 5.0 stars | Posted by Emilio Bien Aime | October 1, 2019

  • "Mr. William Reinhardt Jr. is my lawyer for many years. My family and I bought and sold properties with his help and were very satisfied. I recommend Mr. Reinhardt to anyone. I give him a 5-star review." - 5.0 stars | Posted by Diana | September 19, 2019

  • "My husband and I loved working with William. He was very professional, efficient and went above and beyond to help us. We would HIGHLY recommend." - 5.0 stars | Posted by Leeann | September 13, 2019

Contact us

Quick Contact Form