Here's the deal. If your selling your home and it's been on the market for a while you might be wondering if it's overpriced. In this current summer market, price remains a very big factor in determining how quickly a home will sell, here are ten ways you can determine if your home may be priced too high for your market: I see it all the time when I'm working with clients that want to buy a home.
The writing is on the wall – 10 signs your home is overpriced:
10. You priced along with other homes listed for sale, rather than homes that had actually sold.
9. Despite the fact values have fallen all over town and continue to decline, you believe this doesn’t apply to your home.
8. You priced your home based on how much you spent improving it.
7. You priced your home based on an appraisal from well over 3 months ago.
6. You believe your house is “unique” and different from all other homes, despite its similarities in size, age, condition and location to other homes. You believe your homes “uniqueness” warrants a higher price than all those other homes.
5. You sincerely believe that if you just stay on the market for long enough, eventually that one “right” buyer will come along, fall in love with your house and pay whatever you’re asking.
4. Despite many showings, no one has made an offer on your home.
3. Your home has been on the market for a very long time..6 months..12 even.
2. Your Realtor didn’t agree with your pricing, or worse – the original Realtor wouldn’t list your home at “your” price so you had to search for someone else who would.
1. You are getting NO SHOWINGS. This is the number one sign that your home is overpriced. If its been marketed, but no one is interested in coming inside the market has already rejected your home at its current price.
So the next time you call an agent to come and list you home, ask yourself this question:
Do I want a sign on my lawn or do I want to move?
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07/19/2011
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Posted by: bookkeeping services | 05/28/2012 at 05:58 AM
You simply need to have an understanding of the market through the
eyes of a buyer, whether you are purchasing a property as an investment, or to live in.
Read the following tips in the article below for some great insight on how you can make the real estate buying process an easy one.
Posted by: http://cercacasa.it/ | 09/10/2012 at 08:49 AM
Most of the time improving is one of the reason why the home was expensive.I agree that you should learn how to understand what is the market.In Finland many of real estate avoiding their homes to be over price because of the fact that many people are use to look for an cheap one but nice.This is really great thing to see that you are overpricing your home which is very helpful.
Posted by: Tomi Rantanen | 11/19/2012 at 12:27 AM