Important Steps to know Before Selling Your Home; Why is pricing your home to market value makes sense? PART 2
Why is pricing your home to market value makes sense? Every day many eager buyers are looking on the internet for new listings to come to market. They are excited to find the right home; they compare your home with those in the market. What happens when you price your property over the real market value? Some buyers may disregard your property, assuming negotiations will be difficult. Some buyers will wait until the price is dropped; meanwhile, they look at other potential properties.
Crucial weeks. The first few weeks are crucial to capture eager buyers in the market; since many listings are coming on the market regularly. Buyers are dealing with a great deal of information with every house coming into the market. If your property does not catch the buyers' attention within the first few weeks, the buyers ' attention quickly turns to the next new properties on the market.
A serious seller. Pricing your home at the market value tells the buyers that you are a serious seller. You'll absorb many buyers eager to compete to buy your home. The take-home message is that you can sell your house faster and for the best price possible, once it is priced correctly with market value.
Room for negotiation. Many of my clients ask me to price the property 10% higher than the market value to leave room for negotiations. The reality is that, as I explain to my clients, overpricing may discourage many serious buyers from considering your home; otherwise, they are willing to pay the fair market value.
Any strategy that may deter buyers from considering putting an offer is not wise, and in the long run, your home may stay in the market much longer. Many industry professionals agree that properties that remain in the market for a long time; usually are sold for a lower price than they could have.
Important Steps to know Before Selling Your Home; Why should you consider staying away from home during the home showing? PART 3
About the author: The above Real Estate article was provided by David Khosravi, a leader in his field in Willowdale, North York, Toronto. Reach out to David via email: firstname.lastname@example.org or by phone: 416.990.2424