The Asking Price of a Home- Should I Offer Below or Above Asking Price?

thinking about the asking price of a home and what to bid

Buying a home raises a lot of questions.  But one area about home buying that causes homebuyers much distress is the list price or asking price of a home. The home buyer does not want to make a mistake and overpay for a home, Is the asking price to high? Or now in a hot seller's market, is the listing price to low? How much should I offer for a home? Should I offer below the ask price? Do I need to offer above the list price? How Much? Of course, as a homebuyer you don't want to overpay for … Continue reading...

9 Reasons Why Sellers Overprice Their Home But Shouldn’t

9 Reasons Why Home Sellers Overprice Their Homes But Shouldn't

There are several key components that go into a very successful home sale.  But the most critical of all the components is getting your home priced correctly.  Yet their are always multiple reasons why sellers overprice their home. Some home owners will unwittingly overprice their homes and others will do it on purpose thinking it gives them an advantage.  Overpricing your home is never a good strategy when selling your home.  In the long run overpricing your home may ultimately cost you … Continue reading...

How Will Homebuyers React To The Asking Price Of Your Home?

There are three critical pieces to getting your home sold successfully.  I call them the 3P’s.  The 3P’s are Preparation, Pricing and Presentation.   The most critical component of the 3P’s is pricing.  I will focus on your home's list or asking price and how buyers will react and respond to your home's asking price in relation to fair market value.  95%+ of all homes will sell for fair market value. Your home's asking price does not affect your home's fair … Continue reading...