Price is a scary subject in today’s market. The overall economic conditions and the presence of foreclosed homes in the market have had drastic impact – unfortunately forcing prices down in many areas.
Thus, buyers are afraid of paying too much and ending up like so many homeowners who are “upside down” in their homes today. And with so many foreclosures hitting the market at low prices, home sellers have a lot of competition for buyers.
When a home first comes on the market, it gets a lot of attention. If it’s priced right, it will get showings. But if it’s overpriced, buyers’ agents will skip over it – and may not even notice if the price is reduced later.
That’s why it’s more important than ever to price a home right from the very start. As a listing agent, my job is to give you the most up to date information and recommend a price that will sell in today’s market – even if it isn’t what you want to hear.
If you’re ready to see what your home is worth in today’s market, get in touch. I’ll be happy to prepare a no-obligation market analysis to help you in making a decision about selling.
P.S. Tomorrow I’ll explain how current market value is determined.