Time:
Chances are that your home will sell at its fair market value. Pricing it realistically at the outset simply increases the likelihood of a timely sale with less inconvenience and greater monetary return.

Competition:
Buyers educate themselves by viewing many homes. They know what is a fair price. If your home is not competitive in value with those they have seen, it will not sell. Buyers typically look at homes within a $10,000 price range. If your home is not priced within the correct range, it very likely will not be exposed to its potential or targeted buyers.

Perception:
Overpricing causes most homes to remain on the market too long. Buyers, aware of a long exposure period are often hesitant to make an offer because they fear something is wrong with the house. Often homes that are on the market for a long time eventually sell for less than their fair market value.

Inconvenience
If overpricing keeps your home from selling properly, you can end up owning two homes – the one you’ve already purchase and the one you’re trying to sell. This can prove costly and worrisome, as well as inconvenient.

Pricing Tip:
80% of the Marketing of your home is done the night you decide at what price to list your home.

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Disclaimer. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale, or rental. Properties are listed for sale by all of the Orange County real estate companies. We are able to show you any home listed for sale by any real estate company.

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