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Prevent A Bad Evaluation – Common Mistake

Selling your home fast can have its advantages.

The longer your home is on the market, the more challenging your real estate transaction may become.

Have you ever seen a home listed on the market for longer than you expected and thought to yourself, “There must be things wrong with it?” Well, that is the common perception of homes if they are on the market too long. Another thought is, “I thought the price was too high.” Typically if a home is on the market longer than expected, it can result in multiple markdowns, which can empower buyers to negotiate and want to assess the value of the home in better detail. Even in this market we are seeing overpriced homes for sale sitting. However, there are ways to prevent this and make you’re listing the most attractive to the current buyer market.

A price reduction could encourage buyers to perform more inspections, and buyers start to doubt whether or not they are getting a good value if they see price changes in the initially listed home. Therefore, we cannot express enough importance of evaluating your home on the market properly, especially if you plan to list right now when the market is moving at such a fast pace.

Before you list your home, we recommend that a few real estate professionals provide you with a Comparative Market Analysis (CMA). The information provided in the analysis can help you understand where your listing fits in the overall market, it allows you to interview agents and learn about their marketing process for your home and potential real estate representation capabilities. Every brokerage is different and every agent is different. Find a great fit for you. This initial step will assist you not only in selecting a real estate professional but can give you insight on what to expect when selling your home.

We want you to make the most of the current market when listing your property. Don’t make a mistake by pricing your home incorrectly. Follow these tips and feel more confident in your selling process. We also offer additional home selling information on our website here. If you are ready to take the leap and put your home on the market, our RE/MAX Capitol Properties team would love to earn your business. Please give us a call or visit our office to learn more about our complete listing program. We’d love to connect you to a great real estate agent so that you can get going.

4000 Central Ave, Suite #1
Cheyenne, WY 82001
Phone: 307-635-0303

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