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4 Common Home Pricing Mistakes

Posted by Ethan Maas on Thursday, November 1st, 2018 at 1:17pm.

Selling your home can be a complex experience.  Why make it any harder than it has to be? You can avoid the headache portion of the experience by using a realtor and avoiding these 4 common home pricing mistakes (courtesy of celinavazquezrealtor.com).

4 Common Home Pricing Mistakes (and how to avoid them!)

Dreamscape Realty wants to help get you in your dream home... or onto your next adventure!

Asking Too Much

Starting too high on the asking price can drive away showings and potential buyers.  You could be forced to lower the list price later, which is not uncommon or even necessarily a bad thing.  Nonetheless it is generally a better practice to price competitively in the first place than to put yourself in a position to have to keep slashing prices. 

Asking in a Weird Way

Picking an uneven or uncommon asking price (for example, $192,761 or $2,123,456).  Realtors often use search terms based on specific prices or price thresholds; choosing an extremely strange number could cause your listing to be left out by the listing service’s search engine.  It is also generally much easier to remember rounded numbers than more 'complex' configurations.

“Use the Comps, Luke!!!” (Don’t Ignore Recently Solds)

Don’t get me wrong:  Zillow, Realtor, Trulia, and Redfin are all fantastic tools.  It’s always a good idea to crunch some data on your property using these online tools.  However, market analyses from real estate sites rarely tell the whole story. The best way to accurately price your home is to use the COMPS (aka ‘comparing’ what has recently sold in the area- especially homes that are similar to yours in size and features).

Sticking to your Guns (Too Much)

There is nothing wrong with standing firm on price, but refusing to negotiate completely can sour potential buyers and their agents.  Be flexible if at all possible.  Would you rather have a happy buyer now, or wait three months while incurring holding costs just to make an extra $5,000?  Weigh the pros and cons when deciding on your business strategies and negotiating tactics.  Often you can catch more flies with honey, as the old saying goes.

We are here to Help.

Here at Dreamscape Realty Group we seek to offer outstanding service so that your real estate experience is painless and pleasant.  Are you buying a home?  Check out our Five Tips and Tricks for a Less Stressful Home Purchase.  Remember: we don't just market and sell homes- We would also love to act as your buyer’s agent!  

If you would prefer to just poke around a bit, browse our current for sale listings, or use our Free IDX search tool to browse all current MLS listings in on the Southwest & Southeast Florida coasts. You can also schedule a showing using the contact form at the bottom of the page.

 Top 4 Common Home Pricing Mistakes



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