The number one reason why ‘For Sale by Owner’ properties don’t sellby John P Wells Assisting Home Buyers and Sellers in North Shore M
Even after all the homework and research, if you plan to sell your home without a realtor, it’s more than likely that you’ll fail.
Here's why: without the assistance of a seasoned realtor like John Wells from Newburyport, you will probably price it too high.
The common misconception is that if sellers price their properties high, they can come down a little bit during negotiations. This has several problems related to it. Here's one. Many homebuyers are on a budget. Let's say a prospective homebuyer is looking for a home like yours in your neighborhood and most similar properties there are in the 135k to 145k ranges. But because you have tile floors and stainless steel sinks along with a few other cosmetic improvements, you think your home is worth at least 147k. Tack on a few thousand more so you can come down a little during negotiations and you start your home at 152k.
As a homebuyer, the most that person can spend is 145k. Although your home is what they are looking for, you are outside their price range so they will not even bother to look at your house.
Hiring a realtor like John Wells makes sense here. They know that your house is a product they have to sell in an overrun housing market. With that in mind, they will price your home just right, so it will sell in no time.
Created on Dec 6th 2018 04:27. Viewed 288 times.