By Ron Wetherington
Real Estate Columnist

 
How Long Can You Wait?

 

 
 
You want the highest possible sale price for your home or condo, but how long are you willing to wait for it? If you don’t price your home or condo right from the very beginning, you may end up paying dearly for it later.

Have you noticed a home condo in your neighborhood that’s been on the market for a while, and the owners have reduced the price, maybe even more than once? Why wouldn’t someone purchase a home or condo that’s been so drastically reduced?

Because one of the first questions buyers ask is, “How long has it been listed on the market?”  You’d probably ask the same question if you were in their shoes. If buyers know that a home or condo has been listed for a long time, they naturally assume that something is wrong with the house or condominium, or they assume that they can make a lowball offer to desperate owners.

Avoid putting yourself at their mercy by pricing your home or condo fairly the moment it hits the market. That’s when activity will be the hottest and other agents and buyers will be most interested in the new listing. Don’t ask too much now and then reduce your price after all the best prospects have come and gone.

Contact a professional real estate agent who will analyze comparable homes and your goals and motivations to come up with a fair asking price. I work with Beachfront Realtors, Inc. and we are a large, specialized company with over 800 agents. It will be my pleasure to list and sell your residential and commercial property. We work with buyers as well as sellers. 
To reach me, call 305-868-5516 or email sirron7@bellsouth.net.

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