Okay, we admit it! Some of the real estate shows out there are really getting on our nerves!! Oh for sure, many can be a source of information for potential buyers and sellers, providing some basic guidance and an understanding of real estate terms, however ALL of the real estate shows we've ever seen are taking place in a totally different market than ours and gives both buyers and sellers an unrealistic expectation of what their home is worth.
In the last few months, there have been a few times when a listing, new on the market has sold over the list price, but they are not the norm. When we establish a listing price for a property, we do our homework first! We study the sales for comparable properties in the area that have recently sold, while taking into account any updates/upgrades that may affect property value. An "in-law" apartment may not necessarily add value if it is not legal, a swimming pool is not always seen as a selling feature and trendy decor styles soon fade (remember the dusty rose or sea foam green carpet of the late '80's?)
When we suggest a listing price to you, we haven't just pulled a number out of the sky. We know you want to make the most amount of money with the least amount of stress. That's what we're here for!
There are a lot of dangers in pricing your home above a realistic asking price. For one, experienced professional agents will not show it! They know it's overpriced! Then when you reduce the price, maybe a couple of times, your listing has become stale and again, no one is going to show it. The general public may think there's something wrong with the house after driving by your "For Sale" sign for a couple of months.
So let us do our job. We don't get paid unless you home sells right? If your home is priced right at the start of the listing, chances are it will sell quickly and you will end up with more money in your pocket!
Give us a call anytime. We're always happy to help!