Selling a home: When should you reduce the asking price?

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If you priced your home for what you would like or need to get, you haven’t priced it to sell. Buyers don’t care what you need to get; they will pay market value for the home. So find out what.

Setting the right price for your house is largely a matter of selling at roughly the same. If you are carrying two homes and need to unload one, a lower offer may .

What Percentage of the Sales Price Should You Offer on a. – After he’s signed the purchase offer and you receive notice that he’s accepted your price, you’re locked into the deal. If you find out after the fact that similar homes in the area are selling for $275,000, you’ve cost yourself $10,000. You can get a good idea of what the home is honestly worth by doing a little research first.

In most cases, a property that has been listed for over two weeks at a given price will sell within 5% of the current asking price (and usually it’s within 3%). However, there are exceptions, so as long as you are not absolutely in love with the property and can afford to let it go,

What do today’s homebuyers want in their real estate agents? 5 Things Buyers And Sellers Want From Their Real Estate Agent – Real estate agents still have an important role to play in the industry. Buyers and sellers alike rely on agents for their expertise to advise them and guide them on the journey to owning a home. They spend more time researching properties than they do real estate agents.

Can You Sell You Home For More Than Asking Price? If you’re thinking about doing a price reduction, consider this: the longer a home is on the market, the lower your odds are of selling it for list price. sellers who accept an offer within the first week of listing have a 57-percent chance of selling for list price.

Your asking price is the opening salvo in the process of selling your home, and it shouldn’t reflect what you hope or even need to get for your property. If a real estate agent helps you set the asking price, he’ll probably base his recommendation on a comparative market analysis.

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