Selling in a Buyer's Market for Berkeley and Oakland--Tip #2

Seller's Error #2:

Listing Price Too High!

Listing your home for more than it is worth will most likely result in a sale price far below what you would have received if you correctly priced you home in the first place. Overpriced homes are missed by buyers until the price is reduced because buyers shop by price range. There may be a perception by buyers that your listing is stale. Stale listings can develop a stigma, for absolutely no reason!

Realtors prefer showing properly priced homes and may use your home to close buyers on another lower priced listing.

Keeping in mind that 96 percent of all homes are sold by Realtors. Attracting Realtors to your home is important.

Longer list times also cost you more mortgage interest, property taxes, insurance, and the carrying costs associated home ownership. Not to mention added stress!

Sellers are responsible for setting the price and price determines market time. Overpricing will increase the length of time it takes to sell your home.

Partnering with the right Realtor will get your home sold!