Are You Priced Too High?

It is crucial to consider whether you are priced too high in today's market. The price you set when selling isn't just a number, it is a strategy. Nowadays your strategies must be clear and focused with the big picture in mind.

With an increase of inventory in one and two bedroom homes in Arizona, for example, buyers have more options. These more selective buyers come with their own set of expectations. In terms of price, it is important to consider the market trend in Arizona of home prices coming down. Don't risk your listing getting scrolled past by potential buyers because your prices don't match up with comparable properties on the market.

Many sellers find themselves in a dilemma. They hope to price their home based on the market of one or more years ago. Just to end up with a listing that doesn't sell for a very long time.

If you are stuck with a home that won't sell then what are your options? The recommendation is to drop the price, take it off the market, or rent it out for the time being. Yet for many, taking the property off the market or renting it out is not an option.

What is the risk of a price drop? It may be seen as a red flag for potential buyers who may be wondering what is wrong with the property. Keep in mind that this could affect the offers you receive for the property.

On the upside, a price drop typically gets more eyes on the property and leads to more offers. Ultimately it is important to consider a price drop as a valuable tool to get your listing sold in a timely manner.

Jennifer M Quinn - A realtor that will help you nail the price and get it right the first time.