Whatever you do, the #1 rule in real estate when selling property is DO NOT OVERPRICE your home. This will only lead to headache down the road as well as "aging" of the property while on the market.
Here are the Top 5 Mistakes made by sellers:
1. Not choosing the right price when a property is first listed. In other words, thinking, "We can always come down."
2. Putting the property on the market at an unrealistic price. A Property must be priced on a comparative basis to other similar properties on the market.
3. Not relating marketing time to price. Generally, the quicker you want to sell, the less you should be willing to take.
4. Calculating brokerage fees on top of the sales price. A home is worth what it's worth, with or without a commission.
5. Thinking that buyers aren't comparing your home, on a dollar-to-dollar basis, with every other home on the market.
Always consult with your Realtor before deciding to put your home on the market. Let your Realtor run an updated market analysis on the most recent sold properties, and remember, just because your neighbor is asking too much for their house doesn't mean you can as well.
Contact me with any questions or concerns!
