If you are going to make a mistake, underprice rather than over price, you'll come out ahead. In many markets sellers are getting multiple bids and driving prices up. A home priced at the top end of the value range may receive one offer. A home priced at the low end, combined with an aggressive marketing program of getting the home out there, holding an open house and delaying any offer reviews can get multiples and get you more when it's all said and done.
Ask your agent about the number of homes in your area selling with multiple offers or for over list price. If there are many, go for it.... more
As an Unrepresented Seller you have many difficult tasks ahead of you. The first is assuring your safety (& that of your family plus your possessions). An experienced agent representing a potential home buyer will require a pre-approval letter from a responsible lender and learn additional background about that buyer before showing any properties to them. This preserves the agent's valuable time and protects both the agent and the sellers.
Unfortunately, there are mortgage companies---especially some that are internet based--who will issue a qualification letter without running credit and based entirely on information supplied by the potential buyer. You can probably guess what that type of letter is worth! So simply asking if your caller is pre-qualified relies on the honesty and understanding of the caller---having them email or fax you a copy before the showing could help, but you may lose a good potential buyer who feels you are being too intrusive.
The largest problem most Unrepresented Seller's share is an inappropriate asking price (usually averages 20% above the actual value of the property). A buyer's only incentives to purchase a home from an Unrepresented Seller are big $$ savings (the average buyer expects a 10% discount from actual value if the home were listed with an agency--on average 30% below the Unrepresented Seller's asking price)... the alternative motivation is that the buyer's credit is so poor that they are hoping to find seller financing or to have the seller lease them the property.
Please note that a good buyer will expect the services they receive from a Buyer's Agent and expect you as the seller to pay for those services....if you are not offering this upfront, they will expect a significant discount from you in exchange for your decision...
The higher end homes always take a bit longer to sell. Rocky hill is a nice area, but you may need to wait it out while. the key is to price it right, keep it clean and ready to sell. Trying to run around the house and clean up right before a showing appointemnt always looks just that way. Get clean, stay clean, show well, price right.... more