Get Ready to Sell
Price Your Property Competitively
Choosing the right listing price is one of the most important tips for selling your home quickly. If your home is priced too low, you’ll obviously leave money on the table, and if it’s too high, you’ll get few offers and watch it get stale on the market.
Many times, sellers try to sell property without hiring a real estate professional, because they believe it will save money in the long run. I can tell you that the good Realtors will save you both money and time.
Since a real estate agent is paid a percentage of your selling price, it’s in their best interest to price it perfectly. They want to earn the highest commission possible, but they also want to earn a commission within a reasonable amount of selling time.
Real estate pros know the local market like the back of their hands, and will review comparable sales to make sure you set a realistic price. While you might be tempted to start with a high listing price to see what happens, overpricing can be a bad strategy.
After a home sits on the market for an extended period of time, many people will assume that it hasn’t sold because something is wrong with it. Agents and buyers may mistakenly assume that an old listing can’t pass inspections, or that it has a poor interior layout.
So, don’t let your home become a stale listing because it’s overpriced.