Deciding how much to ask is one of the most important decisions when selling your home. Here are some pitfalls to avoid.
MISTAKE 1: OVER PRICING YOUR HOME
Setting a high asking price can backfire. Buyers are reluctant to make offers in clearly overpriced homes. And the longer the a home sits on the market, the more it takes on the stigma of a property with a problem.
MISTAKE 2: RELYING ON BAD DATA
Some home values you find online maybe based on incomplete or inaccurate data. Real Estate Appraisers or myself are your best source for real estate data and pricing information.
MISTAKE 3: COMPARING YOUR HOME TO THE WRONG PROPERTIES
Your house may be worth more or less than a similar house in a different neighborhood. In addition to location, other factors that affect price include property condition, size, and features.
MISTAKE 4: FACTORING IN YOUR EMOTIONS OR FINANCES
Buyers won't pay for the fond memories you have of your time in your home. They also won't take into account your financial situation. All that matter is what the home is worth to them.