Knowing When to Lower The Price
June 12, 2006 |
I tell selling clients that the MOST important step in selling their home is to put the correct price on it. I admit that coming to an initial list price isn’t an exact science by any means; however, when the market forces are telling you that the home isn’t going to sell at its current price, then something needs to be done.
You can read a great article about price "corrections" from Realty Times.
As a seller, one thing to keep in mind is that in the end, it doesn’t matter what YOU think your home is worth, it only matters what the BUYER thinks your home is worth. There are things that you can do when selling your home to help potential buyers agree with your opinion, but in the end, your home will sell for the price someone is willing to pay. If you aren’t ready to accept that fact, then you might not be ready to sell.
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Disclaimer
My name is Daniel Rothamel. I am a licensed real estate agent in the Commonwealth of Virginia and a member of the National Association of REALTORS. As such, I adhere to a strict code of ethics and all laws with regard to equal housing, which is reflected in the content of this blog. My broker is Strong Team REALTORS, 86 Joshua Lane, Palmyra, VA 22963; (434) 589-5800. My VA Real Estate License number is 0225 077325. All of the opinions in this blog are mine, unless otherwise noted.
