How To Avoid The Temptation To Overprice

9 Feb

How To Avoid The Temptation To Overprice . Pricing your home is one of the most important decisions you will have to make once you decide to sell your home and one that could cost you big if you get it wrong.   We know what you are up against.  You want to sell your home for top dollar and you want to sell it fast.   Right?  So how exactly do you go about finding that sweet spot?

We know how tempting it can be to overprice your home.  You want to test the market or ask for a higher amount and then negotiate down, but remember, the market is flooded with competition and if you do any of those things you might just be deterring potential buyers or buyers may perceive you as being a desperate seller and you will continually get low ball offers.

Here are a few tips and tricks to help you avoid overpricing your home.

• Research Your Competition.  Have your realtor put together some information about similar homes on the market in your area and the ones that have recently sold and what they sold for.  If you overprice your home, buyers will not want to hassle with it and move on to the next one.  Additionally, home appraisers will use the area comps to determine your homes current value.  So even if you do get a higher offer, the appraiser may find your home is overvalued compared to other nearby homes and this can cause major delays in the mortgage process or you could lose the deal altogether

• Where Are Your Buyers Coming From?  The vast majority of home buyers begin their home search online.  They type in a price range, number of bedrooms, number of bathrooms etc. and if you have overpriced your home then your house will not even be seen by potentially thousands of possible qualified buyers

• Visit The Open Houses Of Your Competitors.  Before you put your home on the market, it might be very helpful to visit some open houses in your area.  See what your buyers will be seeing.  How do they compare to your home?  How are they priced?  Learn what strengths and weaknesses your home has so you can address them in advance.  Doing this is the best way to get a reality check on exactly how to price your home

• Get A Home Inspection Now.  If you are thinking about putting your house on the market you should consider getting a home inspection in advance.   Home buyers always use the home inspection to get you to lower your price.  However, if you learn the issues in advance,  you and your realtor can decide which ones to take care of prior to listing your home so that they will not be an issue with your home buyer.  This could potentially save you thousands of dollars in the long run.  In addition, you can set the price of your home contingent on any needed repairs

Talk to your realtor to help you make the best possible decision for pricing your home.  Your realtor will be more than happy to do all of the leg work for you and provide you will all of the competing information and stats you will need.  When in doubt – go low.  An overpriced home will cause more problems for you in the long run and once the damage is done, it may not be easily reversed.

About the Author:  Millie Gil has been a successful Licensed Real Estate agent for over 25 years in Florida.  Millie is Vice President of Bold Real Estate Group, a boutique agency committed to concierge personalized service for discerning buyers, sellers and renters of residential and commercial properties.  For more information please forward your request to communityinfo@comcast.net

Serving Locally and Globally.  View thousands of new and resale homes:  www.Northeast-Florida-Relocation.comwww.BoldRealEstateGroup.com,  www.NewYork-Florida-RealEstate.com, www.PGAVillage-Homes.com a Golf Style Private Community,  www.TheCascadesAtStLucieWest.com  a 55+ Resort Lifestyle Community, www.HealthcareRelocationServices.com

Home | Search by City | Listing Email Alerts | Search Foreclosures | Request Information | Dream Home Finder | Search By State | Ask an Expert | Greenleaf Village | Austin Park | Willowcove | Kelly Pointe | Tidewater Condos | Riverwood 55+ | Coastal Oaks | Town Center | Recreation | Area Schools | Home Buyers | Sign-Up For A Tour! | Detached Homes | Townhomes | Condominums | Attached Homes | Detached Homes | Condominiums | Townhomes | Ranch | Waterfront | Golf View | Shop For New Home | FREE Buyer Realtor | Request Information | Whisper Ridge Home | Samara Lakes Home | Global Developments | My First New Home | To Be Built Homes | Builder Ready Homes | New Home Incentive | New Home Financing | Florida Communities | Fort Myers Homes | Town of Nocatee | Converted Homes | 1700 + Residential | $100,000-$500,000 | $500,000-$1,000,000 | $1,000,000 Plus | 1900 + Commercial | Oceanfront Homes | Ponte Vedra Condos | Ponte Vedra Homes | Townhomes Listings | Nocatee Community | Single Family Homes | St Augustine Condos | Townhomes Listings | Oceanfront Homes | 55+ Cascades | Jacksonville Homes | Jacksonville Condos | Townhomes Listings | Oceanfront Homes | San Marco Homes | San Marco Condos | Townhomes Listings | Palm Coast Homes | Palm Coast Condos | Oceanfront Homes | Middleburg Homes | Middleburg Condos | Townhomes Listings | San Mateo Homes | Nocatee Community | St Johns Homes | St Johns Condos | Townhomes Listings | Green Cove Homes | Green Cove Condos | Townhomes | Orange Park Homes | Orange Park Condos | Townhomes Listings | Yulee Homes | 55 Plus Homes | Bartram Park Homes | Anastasia Homes | Christopher Homes | Worthington Homes | Deerwood Estates | San Marco Homes | Orange Park Homes | Palm Coast Homes | Middleburg Homes | Marsh Creek Homes | Cedar Ridge Homes | Pelican Reef Homes | Sea Colony Homes | Sea Grove Homes | Heritage Park Homes | Ocean Palms Homes | Summer Island | Royal St. Augustine | Biera Mar Homes | Julington Homes | Sawgrass Homes | Palm Valley Homes | Cimarrone Homes | Nocatee Homes | World Golf Village | Foreclosed Homes | Short Sale Homes | The Best Community | New Developments | North Creek | Riverwood | Emely’s Walk | Greenland Chase | Victoria Lakes | Cimarrone Golf & Club | Sweetwater 55+ | Samara Lakes | Murabella | World Golf Village | Whisper Ridge | Wellington | Durbin Crossing | Forest Hammock | Grand Haven | Hidden Lakes | Oakleaf Plantation | Eagle Landing | Neptune Beach | Fernandina Beach | Jacksonville Beach | Atlantic Beach | St Augustine Beach | Ponte Vedra Beach | Vilano Beach | Amelia Island | Luxury Condos | Luxury Homes | Waterfront Listings | Golf Course Homes | Airplane Community | Rural Communities | Suburban LIfestyle | Acreage Locations | Recreational Listings | Multi-family Homes | Lots & Land | Log Homes Listing | Fleming Island | 1031 Exchange | Two Story Homes | Duplex Listings | Colonial Listings | Ranch Homes | Best Home Deal | Northeast Region | Nassau County | Duval County | Baker County | St Johns County | Clay County | Putnam County | Flagler County | Housing Trends Newsletter | St Johns County | Flagler County | Duval County | Orange County | Nassau County | Putnam County | Clay County | Baker County | Buyers Resources | Orientation Tour | Buying vs Renting | FREE Buying Guide | Realtor® Match | Top Ten Deals | Sellers Resources | Market Analysis | Short Sale Solutions | List Your Home | Our Commitment | Realtor® Match | Area Sold Report | Buyers Real Estate | Sellers Real Estate | Top Ten Deals | Employment Relo | Agency Recruiters | Healthcare Facility | Our Services | What We Do | Realtor® Match | Location Request | Office For Sale | Mortgage Calculator | Mortgage Rates | Mortgage Quote | FREE Credit Report | Mortgage Articles | Get Pre-Qualified | Home Closing Costs | Financing Terms | Business For Sale | Business For Lease | San Marco | San Jose | Mandarin | Bartram | St Nicholas | Deerwood | Avondale | Riverside | Arlington | Interlachen | Pomona Park | Crescent City | Flagler County | Volusia | Hawthorne | Palatka | Bed & Breakfast | Farms | Business Park | Industrial | Investment | Marine Related | San Marco | San Jose | Mandarin | Bartram | St Nicholas | Deerwood | Riverside | Arlington | Multi-Family Homes | Real Estate Article | Foreclosed Homes | Commercial Building | Hotel/Motel Listings | Industrial/Warehouse | Retail Investments | Farm/Ranch Listings | PUD Investments | Mobile Home Parks | Marine Investments | Business Park Listing | Business Opportunity | Bed & Breakfast | Vacant Land | Agricultural Listings | Four Plex Listings | Contact Us | What We Do | Testimonials | About Us | About Florida | Se Habla Español | Why Use A REALTOR® | Press Release | Privacy Policy | New Developments | Real Estate Career | Real Estate Referral | Resources | Real Estate Glossary | Duval County | Real Estate Relo | Real Estate Taxes | Registration Form | Find A School | Employment | Insurance Quote | Golf Course Finder | City Data | Home Inspectors | Local Market Reports | Connect Utilities | Amazon Bookstore | FREE Moving Quote | Currency Converter | Airport & Flights | Find Storage Space | Find Nearby Events | Prepaid Gift Cards | Demographic | Visit Jacksonville | Top Ten Deals | Other Area Listings | Listado De Casas | Amazon Store

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: