How to Avoid Overpricing Your Property
Category General Information
Overpricing your property when you are thinking of selling is a fate best avoided.
It could quite literally cost you your valuable time and make the negotiation process with a prospective buyer stressful and long-winded.
Avoiding overpricing can be as simple as doing a little homework, after all, you are trying to sell one of your most valuable possessions and you want to be as in control of the process as possible.
- A good first step is to do research on the local agencies in your area and find one with a good reputation.
Being confident that your agent is the best in the business will put your mind at ease. An expert agent will be able to back up their valuation with facts and comparisons.
- Something you have to expect (and not want to hear!) is that your property is not as valuable as you had hoped. It may be disheartening, but the truth is far better
than a damaging over-estimate that will keep your property on the market for an extended period of time.
- Buyers are often embarrassed to put in an offer well below the asking price and do not want to insult you. Home buyers buy for emotional reasons and do not want to
get emotionally invested in a process they already think will fail. This may be an important reason your home is lacking offers and sitting on the market.
- Consulting with an area specialist and working with them to look at the Comparative Market Analysis report is a good way to estimate what homes in your area are selling for.
A good agent will know how to read, remedy and rectify the info and bring it in line with what the market may consider.
Now you can put your property on the market to get snapped up at a price that will make you and your buyer happy!
Contact our experienced area specialists to get an accurate and trustworthy valuation and avoid overpricing.
Author: Seeff Blouberg
