This story is brought to you by John Salkowski via the USA Herald Platform
What happens when you price your home improperly? You may think it can’t be that difficult to price a home, but it’s probably a little trickier than most of us believe. In part two of my Real Estate book the issue of how to properly price a home is explored. It turns out there are a lot of factors to consider when setting the price of a home and these are spelled out in some detail in this section. If a seller doesn’t get the price right, the home can take a long time to sell and even when it does sell there’s a good chance they may end up leaving money on the table.
Money Talks – It Really Does
Intuitively we tend to assume that setting the price of a home is pretty straightforward – you just take a look at what similar homes in your area are selling for and presto, you have your answer. If only things really were that simple. As I point out in the book:
“In today’s market, where demand is outpacing supply in many regions of the country, pricing a home is one of the biggest challenges real estate professionals face.”
