If you’re putting your home on the market, you may be tempted to try listing it at a high price just to see if you can get it.
Don’t do it!
The #1 way to price your home is to PRICE IT RIGHT from the very start!
Research shows that overpricing your home and then dropping the price multiple times while it sits on the market usually leads to selling it at a lower price than what you originally should have asked for it. You want to get the maximum price with the best terms during the window of time while your home is being marketed.
Keep in mind…your home is worth only what the market will bear. Interview a few Realtors and choose the one who provides the best comparative market analysis and explanation of how your home should be priced will be more likely to sell your home quicker and for a higher price.
A knowledgeable Realtor can factor in all of these issues in the context of your local market conditions, including whether home prices are rising or falling and whether it’s a buyer’s or seller’s market.
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