When thinking about pricing your home in Louisville, KY for a quick sale you must be very careful.
When thinking about pricing your home in Louisville, KY for a quick sale you must be very careful. The first mistake that sellers often make is overpricing to "test" the market. If you overprice your home for sale when you first list it you often end up losing more in the long run then if you priced it aggressively from the start. A lot of sellers like to "test" the market by setting an unrealistic price in hopes that a buyer will come along and pay the overinflated price. What seller's don't realize is that there are so many other homes for sale that theirs often times gets overlooked and begins to sit on the market without any activity. By the time they realize that they have overpriced themselves out of the market they request a price reduction that is often times a bit to late. The buyer looks at a reduction well into the listing and sees a motivated seller. Often times if an offer comes, it comes much lower than what the original list price should have been. This cycle results in a longer days on the market and a lower final sales price for the seller. The bottom line: Hire a real estate agent that has experience, is knowledgeable on the market and is committed to selling your home for top dollar in Louisville, KY!