Pricing Your Home to Sell
NATURALLY, EVERYONE WANTS TO GET THE BEST PRICE POSSIBLE FOR THE SALE OF THEIR HOME. But if you start out with a high sales price, then have to drop it later -- your house becomes "old news". It will be difficult to recapture that new-to-market frenzy of initial interest you might have had with a more realistic price. As a result, your house could take longer to sell. Much longer.
IF YOU ARE ABLE TO SUCCESSFULLY SELL at an above market price, remember that your buyer will need to get a mortgage. The mortgage lender will require an appraisal and if comparable home sales over the last six months, and current market conditions don't support your sales price, then your buyer won't get the mortage. Your deal can fall apart. By then, it's often too late to renegotiate a price. Your house will have to go back on the market.
IF YOU'RE HOME HAS BEEN TAKEN OFF THE MARKET and come back on, or if it sits on the market too long, it becomes harder to get a decent offer. Prospective buyers will believe that you might be feeling the pressure to sell quickly and, as a consequence, will make lower offers. The irony is that overpricing your home at the onset may end up giving you a lower price than you might normally have received!
The best way to establish your selling price is to get an assessment made in advance and then, with this information, take advantage of your agent's experience to establish the right price. In the long run this almost always works better than trying to force a high price.
Here's how we'll help:
Contact us for a FREE EVALUATION of your property's value. The information you provide will be kept confidential and will not be used for any other purpose.
- All Augusta Maine Real Estate for Sale180+
- All Chelsea Maine Real Estate for Sale10+
- All Farmingdale ME Real Estate for Sale20+
- All Gardiner ME Real Estate for Sale30+
- All Hallowell Maine Real Estate for Sale40+
- All Manchester ME Real Estate for Sale30+
- All Readfield Maine Real Estate for Sale40+
- All Waterville ME Real Estate for Sale70+
- All Winthrop Maine Real Estate for Sale70+
- Residential 50k - 100k20+
- Residential 100 - 200k100+
- Residential 200k+90+
SEARCH WITH EASE
Account holders enjoy the ability to save their searches, mark favorite properties, and receive updates when new properties hit the market, or saved ones are updated. It's free, opt-out anytime. But then, why would you?
No account? Sign up now to save searches, listings, and get tailored listing notifications. It's free, opt-out anytime.
Hallowell, ME 04347Phone(207) 623-2100Fax(207) 623-0014Emailinfo@allmainehomes.com