How Can Overpricing Your Rancho Cucamonga Home Ruin Your Home Sale?



If you're thinking about selling, the worst possible thing you can do is price your home too high. In order to avoid having your home sit on the market for an extended period of time as a result of overpricing it, keep the following things in mind:

  • Agents want your listing. Many real estate agents will tell you what you want to hear in order to get you to sign the listing agreement. Once you've signed it and the home has been sitting on the market for a while, they're going to ask you for a price reduction. It's crucial to work with a knowledgeable agent who knows the market and who can set your home's price right in the beginning.
  • The direction of home prices. If prices are dropping, you want to be aware of that and price your home accordingly. Your home will scare buyers away if you price high in a falling market. The same goes for a rising market -- ask for more than you would in a normal market in order to take advantage of the trend!
  • Days on market. Your agent should provide you with a good market analysis. Not only should you look at days on market of the comps, but also homes that are still selling around you!
  • The importance of price for online listings. Ninety-two percent of buyers only wait so long for the price to drop before giving up on your listing entirely. If the price is too high, buyers won't even click on the listing, let alone give it a chance in person!


If you have any questions about how you can price your home correctly, please don't hesitate to reach out to us. We have a great deal of experience in the Rancho Cucamonga market, and would love to help you get your home sold quickly and for top dollar!
No comments :
Labels:
Location: Rancho Cucamonga, CA, USA
Subscribe to: Posts ( Atom )