Attention all sellers! You want to sell your property quickly and for the most money, right? When selling your home, if you over price your listing, this creates so many different problems for you and our reputation as resourceful agents, please let me explain.
Most homeowners want their homes to sell quickly. By overpricing your home and "trying to see" if you can "get that price," you create a false sense of hope that you will sell your home. Next, the agent will start to ask for price reductions over and over which can eventually cause tension between the realtor and seller.
Eventually, the seller will have a lack of confidence in agent, the market and take their home off the market. At the same time, shame on agents for taking over priced listings! This isn't about giving your home away, but rather getting the most money the market is going to allow for your property and putting it in your pocket.
The truth is, you need to find an agent that can educate you and teach you how to price your property correctly in today's market, one who will be completely honest with you. The only person that suffers the most is you, the seller! Please interview more than one realtor to properly price your home and ask what they are going to do differently to sell your home. Choosing the right agent isn't about who offers the highest price, but instead who is going to tell you the truth about how to get your home sold quickly and can back that up with their previous sales data. Ask the agent to share with you their average days on market. These are important questions to ask before choosing a realtor to represent you.
As a seller, pricing your home is one of the most important parts of preparing your home to sell and the other is choosing the agent to help you that will educate and tell you the truth about what your property will likely sell for. Please call a local realtor for all your real estate needs no matter how big or small. We are trained professionals here to make your life easier.