You may think all the upgrades and beautiful decorations make your house the best one on the block. But beauty is in the eye of the beholder. Home Shoppers may have visited a similar home just around the corner that does not have as many upgrades and is thousands of dollars less.
Home sellers that over price their homes can often see them sit on the market for weeks or worse, months. Buyers can sense desperation and are likely to come in with low-ball offers. The longer your home sits on the market, the more likely you are to reduce the price. If it were priced right from the beginning, the house would be seen by more buyers and sell quicker.
Negotiating tactics do not work like they used to - pricing your home high and then engaging in a back and forth negotiation. Savvy buyers no longer have the patience, they know how the game is played.
Selling a home can be a very emotional thing for homeowners. Your best strategy is to leave emotion out of it and price your home at an accurate price to start with.
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