We Price The Home Correctly.
As a seller, you should be aware that pricing a home too high can cause major issues in the sale. Buyers may avoid it, and if they avoid the home long enough, it will develop a bad reputation. Eventually, you will be forced to drop the price to be competitive in the marketplace, but by that point, the bad rep will have stuck.Even with a competitive price, buyers will be likely to low-ball you after a period of time. Ultimately you may sell the house for less than what you would have if you had priced it correctly, to begin with. The seller loses out, and the agent’s reputation suffers.While some agents will intentionally misrepresent a home’s value to get business, others lack the skill to price a home correctly. The perfect example is the Realtor who takes shortcuts and uses things like price per square foot to determine value. Unless you want your home priced wrong, don’t ever listen to a price per square foot of being an accurate way of pricing a property. The only way this indicator is useful is if all the homes in your neighborhood are identical. Rarely is this ever the case.
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