Value your house realistically – it’s the right thing to do
With regards to selling a property, the phrase “I’m just testing the market,” must be banned from the English vocabulary.
The selling of property is not a game.
Playing around with the pricing of your home can backfire at a high cost.
Considering the amount still owed on the bond and the agent’s commission, most sellers try to settle on a figure that is market-related.
Overpricing a house to leave room for negotiating is the one strategy that will not help you to reach the profit you estimated.
Property and Prices
Price is the most significant consideration when buying a property.
If the price is too high, people will simply move to the next bargain.
Sellers who wait for months or even years will usually end up lowering their price.
Dropping in price is eventually the only way to sell a property that stays in the market for months or even years.
Research shows that more than 90% of sellers not only dropped their price in order to sell but the amount they are required to drop also increased significantly.
If you are serious about selling your house, you need to price the property realistically.
Keeping in mind the market in the area where the property is situated.
It is essential to do some research before deciding to sell.
You can speak to different agents and ask for a comparative market analysis before you put the home on the market.
If the price suggested by the agent is lower than you expected, and you aren’t in a rush to sell, consider holding back until the market picks up and the value of the property increases.
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