There is a shortage of inventory in some markets and in some subdivisions in particular.
Many agents have buyers looking to buy in some of these communities. But buyer agents are familiar with prices in the area and will advice their buyer clients if it is priced too high. Buyers do not have time to waste and look at over priced homes.
My strategy is to advice sellers to price it at fair market value.
You will receive the maximum number of showings in the first week . Our goal should be to have as many showings as possible and multiple offers.
If price is too hgh buyers may not look at the home . It may be beyond their price range.
If you do manage to get a buyer to make an offer at a price that is too high , the home may not appraise and the lender may not finance it. By the time the appraisal is done you will have lost valuable time if the buyer backs out when the house does not appraise.
Remember most buyers have a mortgage contingency in their purchase contract.
How do we know fair market value ?
An experienced agent knows the market. We know about the homes that sold and the amenities it had and compare them with your house.
I provide you with information about homes that sold and homes that are on the market. Buyers are going to look at other similar homes in their price range and compare.
I condsider the improvements that you have made to your home but would like to advice you that you will not recoup all the money that you spent on renovating your home. The pricing strategy is gained by experience and doing market analysis for homes over many years. I have been licensed since 1992.
It is easy to list your home with the agent who will agree to list for highest price, but remember the agent is not going to buy your home,
The buyer who will buy your home will be working with a buyer agent who will advice the buyer.
If you would like to sell your home in Bucks county call Gita Bantwal at Re/Max Centre Realtors 215-343-8200x14 or 215-275.8491.
Also read the following posts.
When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.
Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com
She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email email@example.com
If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491
Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others in my post and comments is not to be construed to be legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.