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Currently, competition for well priced homes in Piedmont and Oakland is very high. Â Often multiple bids come in from motivated buyers. Â This illustrates the need to price your home correctly and competitively the minute it hits the market. Â One of my jobs as your agent it to assist you to arrive at this important figure, so your home will get immediate interest and attention. Â
 Many sellers,  unfamiliar with the marketplace will have a tendency to want to overprice their homes and hope someone will buy it at the inflated price.  This is just not a realistic, and there are many reasons for this. These are some of the top ones:
1. The Home Will Not Be Shown--Buyers and brokers are very sophisticated as to proper pricing on a home. Â With the multiple online real estate sites, all are informed as to the current asking and selling prices for each neighborhood. Â So, if your home is not within very reasonable parameters, brokers will be taking their clients to homes that are realistically priced. Â
2. Loss Of Time and Money--If your home sits on the market for a while, it can become stigmatized. Â Buyers will begin to wonder why it has been sitting so long. Â Are the owners unreasonable? Â Are there problems with the home? Â You want to avoid negative images about your home. Â It can put you in a poor negotiating position, and you may very well have to drop your price anyway. Â
3. Appraisal Problems--Even if you were able to find a buyer who might be willing to pay an inflated price for your home, you may still have a problem. Â If you home does not appraise correctly to that amount because it is well over the price of comparable homes in your area, the financing for the buyer could become a problem.
So, the bottom line is to let me assist you in pricing your home accurately, correctly and realistically from the moment it goes on the market. Â It just makes good sense financially. Â
Posted by Bruce Wagg on
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