If you don’t price your home right you’ll lose thousands of dollars. As a real estate professional, I see many sellers make the same mistakes when it comes to pricing their property. Hi I’m Sherri Echols, Broker Associate with eXp Realty. I can save you from wasting your money and your time.
The biggest mistake sellers make is thinking that their property is worth more than it actually is. Overpricing can be due to emotional attachment or lack of market knowledge. It can lead to being on the market way too long, lower offers, and even missed opportunities to sell. All the while you are paying the mortgage, taxes, insurance and maintenance.
If your property needs repairs or upgrades, you have to factor that into your asking price. Buyers will expect a lower price if they know they’re going to have to make repairs and bring the house into the 21st century.
Not really understanding market conditions is another pricing problem. Real estate markets are constantly changing. That is why it is so important to know what is happening in your area. That’s where I come in. As a real estate professional I am here to guide you.
Some sellers I talk to look at neighborhood competition to get a price. This is exactly right but it has to be done the right way. You can’t just look at listing or sold prices. We look at condition, upgrades, age, lot size, home size, features, views and more. Looking at the right things will give you a good idea of what buyers are willing to pay for a property like yours.
Connect with my team and I so we can give you a complete analysis of the market and your home value. I’m your community market leader Sherri Echols, a helping hand for a happy home.
