When it comes to setting the right price for your house, the goal is to increase visibility and drive more buyers your way. While you might be thinking about pricing your house on the high end and take advantage of the low inventory and the high demand, the reality is that a high price tag does not mean you’re going to cash in big on the sale. It’s actually more likely to deter buyers.
Instead of trying to win the negotiation with one buyer, you should price your house so that demand is maximized and more buyers want to take a look.
Even these days when there are so few houses for sale, your house is more likely to sit on the market longer or require a price drop that can send buyers running if it isn’t priced just right from the very beginning.
Therefore, it is important to work with a trusted real estate professional to make sure your house is priced to sell immediately. When you price it competitively from the start, you won’t be negotiating with one buyer. Instead, you’ll likely have multiple buyers competing for the house, potentially increasing the final sale price.
You won’t cash in more for sure. Your house will sit on the market longer. Then, when the price drops, it will send the wrong message to buyers. Furthermore, Pricing your home over market value would deter buyers because it is too high.
Your house is actually losing value and you will be decreasing future buying power. Furthermore, under market value price, would deter buyers because they think something is wrong.
If you are selling a home in DFW, reach out to Bassel Mokabel, a local real estate professional to price your house correctly from the start so you can maximize your exposure and your return
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