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Real Estate Pricing Mistakes to Avoid

Posted on November 13, 2014

untitledAre you in the process of preparing to sell your home? Obviously, you want to get the most money out of your investment, but in order to do so, the truth is that you have to have a sound pricing strategy. Pricing can make or break your deal so it is important to avoid some common pitfalls.

For instance, overpricing from the get-go can sour your deal. Even if your home is the best on the block, a price relative to the value you see is wrong. You have to take into consideration the value that homebuyers see to avoid isolating buyer groups.

That is actually another common pitfall – leaving out potential buyers. Entering a price range is usually the first parameter prospective buyers use to narrow down their options. Fall outside that range and you could lose people who are potentially interested in buying your home.

Pricing your home strategically relies on a variety of factors such as neighborhood values, recently sold properties and the economic market among many other things. Ultimately, it is up to you to decide, but it always helps to have access to insider information.

Usually, the best route to the right price and a quick sell rests within the council of the right Northwest Florida real estate agent.

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