Putting A price on what is likely your most valuable asset can be tricky, especially if you have lived in your home for a number of years and done it up just the way you want it. In your eyes, it may be the best home on your street. When it comes time to sell, perhaps to move to a new job or give your growing family more room. It is hard not to take it personally when your realtor rolls up and suggests that it is worth a lot less than the sale price you had in mind.
People get it in their head that "My house is worth whatever I say it's worth". No matter who you are, you always think your place is the best. It's not a slight against other homes, it's just human nature.
However if potential buyers do not feel quite the same way about your magnificent home as you do, you could find yourself waiting in vain to secure a sale.
If you can't sell your home, it's usually because of the price. If there is no obvious reason like de-cluttering or bad pet odor, then it's price. What someone is willing to pay is what determines the value.
Unless your property has a unique feature such as a swimming pool, which may only appeal to a limited number of buyers, it should be fairly straight forward to pinpoint the value of your propertyand subject to market conditions, secure a reasonably quick sale.
If you don't get a showing in a week, there is a problem. You should be getting 4-6 showings a week. If your not than your price is way off. If your getting showings and a month has gone by with no offers, than it's not just the price. They are coming and looking but for some reason they're not pulling the trigger.
There may be issues unique to each property that are putting off the buyers, this is usually something obvious such as the old pink carpet, the aging roof or poor paintwork.
If your home is not moving for the price you have it at, start sprucing it up; add value for the money. If you don't want to change the price, than you have to give people more for the money to justify it. The longer A home is on the market, the less bargaining powers they have with the buyers.
In the end, pricing your home with an experienced agent will help you get the best price in the quickest time with the least amount of inconvenience.
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