Seller FAQ: If my home sold in a day, was it underpriced?
By Francine Viola, REALTOR®, In Tune with your Real Estate Needs
(Coldwell Banker Evergreen Olympic Realty, Olympia WA)
If my home sold in a day, was it underpriced?The answer to this is…..it depends. It depends upon:• What are the seller’s goals, needs, timing?• What is the current market?• Is the house the only similar home available in the neighborhood?• Are you positioning the house to deliberately create a bidding war? The seller is the bossThe listing agent’s goal is to educate the seller on all aspects of the current real estate market so that the seller can make the best decision about where to position (price) the home within the market.Pricing depends on not only what is happening in the market but also what are the seller’s goals?For some sellers, time is of the essence and a speedy sale has monetary value for the seller. It might be worth a seller pricing just below the market in order to get...
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