The most important factor to consider when putting your home on the market to sell is setting the right price. The price at which your property is marketed can have an effect. The first two-three weeks on the market is the most critical time.
If you over price the property, some results may include:
- A smaller buyers' pool
- A longer stay on the market. The longer the home sits on the market results in lower offers being submitted
If you underprice your home, some results may include:
- Losing money on your investment. Let’s face it, this is the biggest investment of your life. Don’t you want to get the most out of it?
- A buyer may offer an even lower amount due to a negative mindset of the property or area
Bethesda Realty Group