Costly Pricing Mistakes Homesellers Need To Avoid

Costly Pricing Mistakes Homesellers Need To Avoid

Key Takeaways from this Inman article are that pricing is both an art and a science, but sellers need to avoid the common mistakes that they often make. Sellers have a lot of decisions to make, like hiring an agent -- home sellers need the expertise a of knowledgeable agent to actually sell the home, and for things like creating a marketing campaign and deciding how to stage the home. 


The nice part about pricing a home in the Disney Area Market is that the real estate market is very transparent -- consumers can get excellent information about what comparable properties have sold for and what competitive properties are selling for. If they don't listen to the market, the market will ignore them and their property will languish...


inman.com
Here are the mistakes home sellers are making in the Disney Area property market:
 
  1. Pricing their home with what has not sold versus what has sold. (Pricing along with the unsold competition)

  2. Overvaluing the ammenities. Features and amenities help a home sell over the competition in the Disney Area property market but with a cold look at the numbers ammenities do not affect price as much as sellers would like.

  3. Pricing their home to get full value for improvements.

  4. Pricing their home based upon what they need. A seller would not discount their home based upon buyer needs, why should a buyer pay more than what the transparent market indicates?

  5. Often a seller falls in love with the automated valuations they can find online. As always, work through the comparables with a knowledgeable agent and recognize how far off the automated valuations are.

  6. The last mistake sellers make is to set a price and forget it. Now showings and no offers means only one thing if the property is syndicated from the MLS to the major property portals... The price is too high.

Read more here...


Image courtesy Inman


Lance Whipple PA Headshot
Author:
Phone: 407-494-6030
Dated: April 23rd 2016
Views: 503
About Lance: My name is Lance Whipple and I help first-time homebuyers, international investors, “active adults...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

SunRail Station Opens Up In Meadow Woods Florida - Dislike I-4 traffic and thinking
JUST SOLD 131 BLOOMINGDALE DRIVE DAVENPORT FL 33897 - SOLD!!!  Congratulations to
Have You Outgrown Your Starter Home - Have You Outgrown Your Starter?
Modern Design Vacation Home In Four Corners - Are you looking for a vacation

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

EXIT Realty Champions
7830 Lake Wilson Road
Davenport, FL
863-292-6217
321-445-5568