Are you preparing to sell your home? Here’s a tip about setting your asking price.
It’s important to set your asking price realistically. If you overprice your home in the beginning, you may end up settling for a lower price than you would have normally received.
Real estate agents and homebuyers who have done their homework know local market conditions and home values. They won’t waste their time looking at homes that aren’t priced realistically.
Also, mortgage lenders require an appraiser to determine the fair market value of a house before they’ll grant a loan. They won’t lend money to a buyer for a house that is worth less than the loan.
Later, when you finally decide to lower your price, people will bid even lower because your house has sat on the market for so long that they think you are desperate to sell.
I hope this tip has been useful to you.