Sellers: Avoid 4 Common Pricing Mistakes

1) Pricing your property TOO HIGH 

Statistics shows that houses priced correctly when they first hit the market sell closer to the asking price than homes that start too high, and have to adjust downward. 

2) Using an ODD-LIST Price - ex: $483,579.

Don't get fancy!  Use round numbers; 250,000. REALTORS® search for homes using price categories, make sure your pricing makes sense. 

3) Not using SOLD properties to determine your list price

Searching 'SOLDS' is truly the only accurate pricing guide. A home may be listed for any price, but that doesn't mean it will sell. 

4) Refusing to NEGOTIATE

Have some flexibility with your asking price. Being rigid and uncooperative may mean turning away serious buyers.

 

Source: C.A.R

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