Posted by: Meena Gujral | May 11, 2009

Pricing your home in Mission San Jose Fremont

Weighing scale money and house

One thing that we are guilty of when trying to sell our house is overpricing. Naturally, we love our house and feel its worth whatever we think its worth. This may not necessarily be true in the minds of your ideal buyer. You see overpricing your home will actually attract fewer potential buyers and cause it to sit on the market. And as you know, the longer the house sits on the market, the less likely it is to get sold. There are other potential negative effects of having your home of the market for too long:

1. You will get a low level of brokerage activity. The showings tend to decrease for homes that are perceived as being priced at “out of market” ranges.

2. Less views by buyers. As mentioned above, less buyers will view your home as it out of their price range.

3. Difficulty in financing. Lenders tend to look at fair-value pricing to determine the amount they will finance. Often, they will make the buyer come up with the difference in cash.

4. Negative perception. The longer your home stays on the market, the greater the chance of it being perceived as “stale.” This will still be the case if you reduce the price.

Bottom line: Pricing your home at the right place will exponentially increase the number of potential buyers and reduce the time it takes to sell.

If you want an expert opinion to judge how much your home is worth or if you are a buyer looking for homes in 94539 zip code, give me a call at 510-279-9580. For more information you can also go to my Help-U-Sell Achievers Realty Website at http://www.helpusellachievers.com

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Responses

  1. Never thought of these. I will use these points.


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