Choosing the right price for your home is one of the most important aspects of selling your home. If the price is above market value, you run the risk of your property sitting on the market too long.
An overpriced property:
- Minimizes the number of offers
- Limits qualified buyers
- Reduces the number of showings
- Lower prospects
- Limits financing
- Will attract buyers in a higher price range that have high expectations
Most buyers today are educated about the home buying process and have done their homework before purchasing a home. They will know if your home is overpriced.
In choosing the right price for your home, the market is the most accurate indicator. The condition of the current market, the number of buyers, and current competition will dictate your home’s value. If your home does not meet the competition price, it simply will not sell.
Choosing the right price for your home will increase advertising response, stimulate buyer interest, compensate for property shortfall, and provide you with a negotiating advantage.
Curious about what the right price of your home should be, give me a call at 415/351-4627 or dsaroni@mcguire.com.
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Tags: Home, Right Price