You can never price a home too low because the buyers will set the price and there will be many offers thus creating a bidding war. However, if you price the home too high, it will sit and the buyers will sit back and wait for a reduction. At that time, the homeowner will be repositioning that home with a new price. At that time the buyers will make an offer, but usually at a much lower price.
Unless of course there is more than one buyer.
Look at days on the market always. If you would like to know more about homes in your market place, and information on where the price should be. Call or email me with the address, and I will send you a market report of that home immediately. No questions asked.
Go to TodaysMarketHomeValue.com
A potential buyer is the one who determines what a home is worth. Pricing a home is subjective, and if it eventually sells, one can assume that it was priced to trigger someone to act, to prevent loosing it. I suggest that you work with a local realtor who can advise you on "price" matters, and work on your behalf.
I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.
Wishing you all the best,
De Vonte Williamson , LSA
Experience The Williamson Difference
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