When a seller is ready to put their home up for sale, they are usually plagued with misconceptions about the market. This causes many sellers to price their homes too high. Plenty of sellers think that they should price higher because (1) buyers will offer less (2) because they want to test the market and see if buyers will be interested even at a high price and (3) because they hope there’s a buyer who falls madly in love with the home and will pay more than it is worth. These ideas are unreasonable and almost never happen. Thinking that way is detrimental to a home sale.
When you put your home on the market, you need to price it in a range that is going to sell. The first several weeks are crucial. You need to keep momentum up making sure buyers are seeing the property and making offers. If the price is too high you’re less likely to get a buyer to visit your home, If it sits on the market too long a buyer willing to pay the outrageous price might avoid it because if “No one has bought it, there must be something wrong with it. You don’t want that.
When you do go to price the home, base it off an appraisal or a Comparative Market Analysis. To be perfectly blunt, you cannot get a realistic idea of how much to sell your house for. Talk to an agent. He or she will be able to do research and, knowing the ins and outs of the industry, will be able to help you reasonably price your home. Your agent will look at location, additions, and overall equity to help you understand where to price your home. Don’t do it alone! An agent will streamline the process, and will probably even get you a better deal than you could on your own.
For more information check out http://www.NationalRealtyGroup.com