A common mistake that many owners make is to focus solely on their home when determining value. Yet in dynamic markets, many influencing factors are completely out of their control.
We’ve witnessed recent dramatic market change in which the economy, interest rates, and financial markets have affected home values.
The simple act of a neighbor reducing a price can lower street values. A subdivision of new construction can lure buyers away from existing homes and lower their value.
The classic determinants of value are the intrinsic characteristics of location, size and amenities. The cliché “the three most important factors of value are location, location, location” has basis in fact.
Again, many sellers cite their home’s amenities and conditions as a reason to overprice.
Remember your last move? How long was your home on the market? What was it like to keep your home ready for showings all the time?
Did you know that up to 60% of sales are generated by cooperating agents?
Overpricing will deter them showing it to their prospects. Proper pricing increases the response we get from the internet.
When a home is priced right, buyers get excited and make higher offers.
Increased salesperson response
More Internet response
Better sign and ad response
Avoids being “shopworn”
Attracts higher offers
Means MORE MONEY to sellers
Contact us today for a free no obligation consultation! (605)-413-4103