The Pricing Concern
- Date: 2007-05-12 - Word Count: 342
Share This!
Pricing a home is one of the most important aspects of home selling. The price that a home is listed for can drastically affect the bottom line closing price as well as the traffic that the home receives. Is it possible that overpricing a home will result in you the seller seeing less money at the end of the sale? Sure. If your home is overpriced then buyers will simply pass over your home in favor of homes that are more reasonably priced. This will result in less traffic for your home and the inevitable price reduction. The unfortunate part is that usually it takes dome time for the price reduction to happen so by the time it does, the home has already been on the market for some time.
With your home having been listed for some time, the incorrect price has already eliminated many of the most promising buyers and the home may have picked up some negative reputation for being listed for so long. This is a common occurrence in the real estate industry, homes listed for long periods of time lose their market momentum. When a home is first listed it creates a buzz amongst local realtors and home buyers, that buzz can be translated into a quick sale if the price is right. As the home stays on the market longer and longer without selling it begins to develop a bit of a stigma. Maybe something is wrong with the home itself, or maybe it's just the price. Either way, a home that has been listed for a long time has considerably less appeal than one that is new to the market.
The risks of improper pricing can play havoc with a home sale. Be sure to take into account the current market trends, pricing of homes listed and sold in your area, and other comparable properties in deciding a price for your home. Pricing your home properly is one of the best ways to ensure that your home sells quickly and is competitive in the market.
With your home having been listed for some time, the incorrect price has already eliminated many of the most promising buyers and the home may have picked up some negative reputation for being listed for so long. This is a common occurrence in the real estate industry, homes listed for long periods of time lose their market momentum. When a home is first listed it creates a buzz amongst local realtors and home buyers, that buzz can be translated into a quick sale if the price is right. As the home stays on the market longer and longer without selling it begins to develop a bit of a stigma. Maybe something is wrong with the home itself, or maybe it's just the price. Either way, a home that has been listed for a long time has considerably less appeal than one that is new to the market.
The risks of improper pricing can play havoc with a home sale. Be sure to take into account the current market trends, pricing of homes listed and sold in your area, and other comparable properties in deciding a price for your home. Pricing your home properly is one of the best ways to ensure that your home sells quickly and is competitive in the market.
Related Tags: market analysis, home selling, selling tips, proper market pricing, selling advice
Jake Marsh is an experienced, professional real estate agent with a degree in marketing, who specializes in Denver, Colorado real estate For access to Denver MLS listings, contact Jake today. Your Article Search Directory : Find in Articles
Recent articles in this category:
- 5 Reasons to Buy Jasper Real Estate
Jasper is a small town in North Georgia and it is growing rapidly. Since North Georgia Foreclosures - Ellijay Real Estate
Ellijay Georgia has always been known for it's outdoor activities and seasonal festivals. Downtown E - How to Deal With Blocked Drains
A blocked drain is an occurrence that happens eventually to all households. You may have experienced - The Benefits of Hiring a Plumbing Consultant
Your dream home may not always be brand new, with fresh paint and home essentials. There are certain - The Worst Mistake You Can Make When You Apply to Rent a Home
A whole new class of people has become renters and potential renters in America during the last thre - State of Individual Real Estate Markets
Everybody is well aware of the hit that the real estate market has taken over the past three years. - Thoughts on Avoiding the Landlord Trap
I've heard several people say they would never invest in a multifamily rental property because they - An Idea to Increase the Bottom Line of Your Investment Property
Are you pretty sure that you've already maximized the income coming from your property? If you've cl - Finding the Value of a Piece of Investment Real Estate
There is a lot of confusion about how much investment property is really worth. We'll look at three - Arkansas Land For Sale - Search Engine Optimization and Your Website
If you have Arkansas land for sale and are interested in advertising it on your website I have a few
Most viewed articles in this category:
- How High Did Home Prices Really Go
The U.S. Census Bureau released data on Tuesday that revealed where the nation's hottest markets wer - New Homeowners Tips for Household Safety
With so many items on their ¡°buying a home¡± checklist, few homeowners take into considerati - Truth About VA Foreclosures
Many people now days are finding themselves out of work and not being able to make the mortgage paym - Avoid Rookie Real Estate Investing Mistakes
When Robert Kiyosaki, author of the Rich Dad book series, bought his first property he was, of cours - Finding The Perfect Roommate On Craigslist
Craigslist, Roommates, and The Concerns Craigslist is "great" when it comes to looking for housing - The Forgotten Secret To Selling Property - Simple, Quick And Cheap
Why spend big dollars trying to get people to drive a long way to see your house, when your best pro - Get Amazing Results Selling Real Estate Online
This is the age of the internet. Why not take advantage of the widespread use of the internet to ad - Dallas Real Estate Information
In the United States, Dallas is considered as the second leading state according to the area. If any - The Largest Private Equity Indian Real Estate Deal
In the largest private equity deal won by the real estate sector, Morgan Stanley Real Estate has inv - Fractional Real Estate Ownership
Fractional ownership of vacation ski condos is growing in popularity. Park City Utah a popular ski t