PRICE SHOULD REFLECT CURRENT MARKET
Sold Price Is Determined By:
List Price, Condition, Location, Current Market
Seller's Market = Fewer homes for sale - More Buyers = Rising Values
Steady Medium Market = Equal balance of homes and Buyers
Buyer's Market = More homes for sale - Fewer Buyers = Declining Values
When a house first comes on the market there is a flurry of activity if it is priced right. If you drop the price later, the best chance to sell for TOP DOLLAR has passed you by. The longer your house stays on the market, the more likely it will sell below market value.
DANGERS OF OVERPRICING:
It will take longer to sell
You will have fewer showings
You will receive lower offers or no offers
Your property will help sell other properties
The Right Priced Properties Sell Faster and At Top Dollar !
Who Determines THE Selling Price?
Seller (Asking Price)
Buyer (Selling Price)
Appraiser (Must Agree)
Lender (Funds Loan)
PRICE YOUR HOUSE SO BUYERS COMPETE.
WHEN BUYERS COMPETE, YOUR HOUSE SELLS FOR A HIGHER PRICE
Consider Having Your Home Appraised BEFORE Listing