Typically here is a great way to know if a home is priced correctly.
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 NorthJerseyFreeHomeInfo.com... more
Speak to your local market specialist and ask him / her to provide some comparable homes and their assessments. Then the study the comparable homes and be prepared to make a valid argument. Good Luck.... more