Price Your Home Correctly the First Time.
Are you thinking about placing your property on the market and want the single best piece of advice to sell you home. This is not brain surgery now, take a guess. Yes its price. As a practicing real estate investor and agent, I can't tell you how many times a seller simply did not take the advice of the agent. People always think their property is better then everyone else's. They have better this, or bigger that, or their home is simply far superior to all the other active and sold properties. Here is the secret, get a clue, listen to your agent, and list your property correctly the first time. Remember, it is not what you think the value is, it is what the value to the buyer is? If you place the property listing price to high, buyers can't value the property. And if the property sits on the market for a period of time, the buyers are also going to question the value of the home. Why else isn't it selling, there has to be something wrong with it..right. Also, as an active investor in real estate, aren't I looking for the best possible price when I purchase. Think about it, if you were a seller which wold you rather have. An aggressively price home that will beat the competition, possibly get over bid and drive the price higher and sell quickly. Or would you rather have a languishing listing that no one is writing offers on except to low-ball the purchase price. The sales data does not lie, know the listing prices and price/sq. ft. of the competition and create a pricing strategy based off of them.