Over the past couple of years, the most common question we've been asked over and over is how to price your home to attract buyers. After deciding to put your home for sale, the next crucial decision is pricing your property according to the market and at a figure that will attract buyers. If the price is too high, no matter how much money is spent to market your house, or is spent by you on updates, etc... absolutely nothing will happen. Overpricing a property is actually helping the sale of the competition and is the biggest mistake a homeowner can make in this market or any market. Your real estate agent want to sale your house as soon as possible. In order to do so they will analyze the market, do comparative market analysis (CMA) based on previous sales of similar houses in your area, and so on. If there is no action on your house any real estate professional will tell you that you have to reduce the price. Sometimes, and in this market it is unfortunately quite common, one price reduction is not enough and the danger of pricing too high originally might stigmatize your house for a while. Rely on professionals to help you get the right picture from the get go.
The best advice we can give our sellers is to price their house accordingly and correctly, based on the market, to ensure a quick sale. Good luck!
P.S. If you have any questions do not hesitate to contact us.