Video Blog #24 - Appraisal Problems?
Most experts would advise that the best way to increase your odds of a successful sale is to price your home at fair market value. But, as logical as this advice sounds, for many sellers it is still tempting to tack a few percentage points onto the price to "leave room to negotiate". To avoid this temptation, let's take a look at one of the many deadly sins of overpricing:
Even if you do find a buyer willing to pay an inflated price, the fact is over 90% of buyers use some kind of financing to pay for their home purchase. If your home won't appraise for the purchase price the sale will likely fail.
I’ll be bringing you more suggestions why not to overprice your property in today’s market. But in the meantime...
...if have any comments or questions about our local market. Please email me at Ron@BainbridgeRealEstateGuy.com and I hope you’ll revisit my website and video blog as we continue to improve, and change the face of real estate one video at a time.
Thanks again for watching. I’ll see you inside the next video!