5 Reasons to Price Your Home for Sale Right the First Time!

5 Reasons: 

#1: This is still a buyer's market. If your home is even slightly overpriced, buyers are going to skip directly over your house. They won't even look at the pictures.

Reason #2: If you think you list your house a little higher, just to see how the reaction is, then you will be hurt in the long run. It is statistically proven that homes that are overpriced to begin with sell for less than they would if they were priced right, or just don't sell at all.

Reason #3: Having your home sit on the market with a price too high hurts your local market. It shows potential buyers that homes aren't selling in that area, which hurts your immediate area.

Reason #4: Don't underprice your home either. Buyers are finicky, and often get scared if a home is priced well below market. They start to wonder what is wrong with the home.

Reason #5: The appraisal. When you do find a buyer for your home and negotiate a contract, the home will be appraised. If the appraised value is less than the negotiated sales price, the buyer AND/OR seller will have to cover the difference. Lenders will not lend above appraised values.

I posted this earlier on my squidoo lens.