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What if I think my house should be listed for more?
I had an initial conversation with an agent and they're pushing to list my house for $25K less than what I think is market value. I've researched the homes around me and what's sold recently that's similar. I know they've also done their research, but I disagree with where they're pricing the house. What should I do?
Asked By Esther | Arlington, VA | 232 views | Selling | 7 months ago
Answer(4)
Lisa and Greg Harris
eXp Realty, LLC
I would 1st recommend interviewing a few local experts to give their opinion on the value and what the local market is doing to determine the best options. Keep in mind we are seeing some areas that are slowing drastically and some that are not and a good local expert REALTOR should be able to keep a pulse on what they are seeing..... With that said, you can choose to list a property higher if you are willing to take the risk of it sitting on the market longer.... Keep in mind if you were a buyer and you saw a home sitting on the market longer than those around it..... What is your fist impression??? Typically you think it is over priced. So keep this in mind when listing a home. and make price corrections quickly if you are not getting activity on the home quickly.
- 7 months ago
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Cindy Sharp
KW Showcase Realty
Housing inventory is low. List at the 25k higher but agree to take the price down to the suggested list price if there are no offers within the first few weeks or no showings scheduled.
- 5 months ago
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Kristina Owens
JLA
First I would visit with the realtor and ensure they have explained how they came to the market value. They likely can show you the comparisons they ran to arrive at that number and give you a better explanation. Then compare it to what you are seeing. Make sure the properties you are comparing are similar and in the same subdivision if possible. A different subdivision or area makes a big difference on pricing. Even homes within 3 miles can be priced differently. The homes around you can also impact your homes value. If you have not signed a contract with the current agent fee free to speak to a few more and get their opinion. Ultimately you decide what you want to list the price at. Keep in mind there are things like the home being on the market too long that can make the home more difficult to sell. People assume if a property is not selling there is something wrong with it.
- 7 months ago
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Juliette Bergeron
REMAX Innovative PRoperties
Depending on where your property is located, a licensed Realtor knows the market and will advise in a certain market pricing a home to high will not generate multiple offers and may cause a house to sit on the market longer.
- 7 months ago
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