Currently, competition for well priced homes in Piedmont and Oakland is very high.  Often multiple bids come in from motivated buyers.  This illustrates the need to price your home correctly and competitively the minute it hits the market.  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.  

 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.  With the multiple online real estate sites, all are informed as to the current asking and selling prices for each neighborhood.  So, if your home is not within very reasonable parameters, brokers will be taking their clients to homes that are realistically priced.  

2. Loss Of Time and Money--If your home sits on the market for a while, it can become stigmatized.  Buyers will begin to wonder why it has been sitting so long.  Are the owners unreasonable?  Are there problems with the home?  You want to avoid negative images about your home.  It can put you in a poor negotiating position, and you may very well have to drop your price anyway.  

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.  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.  It just makes good sense financially.  

Posted by Bruce Wagg on


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