Danette Krumwiede

I also agree with all the previous responses. I am a Realtor in a very strong market right now, in fact we are facing a housing shortage. With that bit of info; I don't feel there is any circumstance where over pricing your home is going to sell your home. Either you want to stay or you want to sell. To put it simply; if there are 10 houses like yours on the market you don't want to be priced with the top you want to be at the bottom, especially if there is an abundance of competition. It is not beneficial to keep paying taxes, interest and insurance while you wait for the rest to sell. One of the biggest mistakes is to overprice your home. ex: buyers looking for a house priced at what your asking will come and look and not see what they expect and leave and the buyers who are looking for your house won't even walk through the door because its out of their price range . Then you can spend weeks or months lowering little by little until its priced right. At which point every potential buyer is going to know how long its been on the market and when they do arrive they will only be trying to find what's wrong and why no one else wants it. The lookers that thought it was overpriced already bought something else. Finally you get an offer and theres a good chance it's going to be low because the buyer will think they're doing you a favor since its been on the market so long. It's all about first impressions, and I'm talking way before curb appeal.
Hope this is helpfull in your decision on a price. - Fri Mar 27 2009, 17:47