Why not PRICE IT HIGH and SEE WHAT HAPPENS??????
Biggest MISTAKE in Real Estate!
Start with a high price and work your way down…..why is that a hugh mistake??
Wow, let me count the ways…….
1. A property generates the most interest when it first hits the market -Starting HIGH and dropping the price later MISSES the excitement and FAILS to generate strong activity
2. If sellers FALL behind a market with falling home values (like we are in now), they can end up chasing the market down, because home values are falling faster then their price reduction. This will end in a sales price that is BELOW market.
3. Pricing your property too high may make it necessary to drop the price below market price to compete with new, well-priced listings.
The best thing you can do in this type market is find an aggressive, experience (in a buyers market) Real Estate Professional that is strong enough to tell you what you need to hear, NOT what you WANT to hear:)….This type of professional will not “buy” your listing to help them derive buyer leads from the sign they place in your fornt yard. Their objective to SELL your home, not LIST it…..
They will tell you what to do, and if you do what they tell you and allow them to do their job….your home will SELL:)