How to Get Your Home Sold

When selling your home, make sure that it is priced correctly.  Sellers who decide to "try" a higher price, sometimes end up trailing behind other comparable properties and actually end up receiving less in the end.

 

Pricing your home correctly from the beginning is the best way to attract buyers, but a marketing plan can be effective with strategic price reduction.

 

• If your home has been on the market 30 - 60 days with little activity or no offers, it may be time to lower the price to appeal to active buyers in your area.

 

• Don't wait to long to make a price adjustment if prices have fallen in your neighborhood since your home came on the market. If you wait too long, competing properties may decide to lower their price first, making your home less attractive to buyers.

 

• Remember that the longer your home sits on the market, the more it is perceived as undesirable. Buyers may think there is something wrong with the property even if it was because it was simply overpriced next to the competition.

 

• Delaying a price reduction could end up costing you. If the property takes longer to sell, you will still continue to pay mortgage, taxes and maintenance costs etc.

 

• Consider offering an incentives such as a home warranty or paying the association fees for one year in advance.

 

Nancy Puder is a Real Estate Broker in Arroyo Grande CA with Nancy Puder & Associates. If you have questions or concerns regarding your property, contact Nancy at (805)710-2415 or email Nancy@NancyPuder.com.  You may also go to Facebook.com/Nancy Puder Realtor and "like" her page to access other real estate related articles.