The Washington Post just reported that overpricing a home by a can be a costly mistake for a seller. The article states that putting the right price tag on a home right out of the gate gives the seller the best opportunity to maximize the return on investment because the excitement of a new listing attracts the peak number of buyers within a week. Sellers who start with a price that is too high can be missing the best opportunity to gain the attention of the largest number of buyers. This often results in a longer selling time and lower price.
Many sellers don’t realize that home buyers are comparison shopping. Just like car buyers, the home buyers focus on the homes that they feel represent the best value. Most home buyers are reluctant to place an offer on overpriced homes. They eliminate them before they get to the showing process.
After about 30 days on the market, the listing is then considered to be stale. Buyers and agents will be begin to suspect that the property could have something major wrong with it, or that the seller is not serious about selling the property. #lofts #prices
A new report has just been released which reveals 7 costly mistakes that most homeowners make when selling their home, and a 9 Step System that can help you sell your home fast and for the most amount of money. Get a copy of the free report at www.SellerMistake.com.
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