Because some Sheridan home & property sellers refuse to face reality and rationally price their homes & property, to often Sheridan real estate agents list homes & property for sale at inflated prices. Know this, the first 3 to 4 weeks a home is on the market are so critical. An inflated price removes the excitement of the new listing which results in little or no traffic and more important – no offers.
The Typical Price Reduction Tactic
Faced with the reality and knowledge the property is over-priced, the seller agrees to a “price reduction” and the agent places a rider sign that announces to the world – “we realize the price was irrational” and it has been reduced! Think about the mixed messages that sends to the Sheridan home buying community (and it’s agents). It could be interpreted that the home is undesirable or maybe the home is in disrepair. Now you have more obstacles to marketing the home which ultimately prolongs the days the property is on the market. This creates unnecessary stress for the seller that possibly could have been avoided.
In the end the important thing, is to have a knowledgeable agent that maximizes the sellers opportunity while not subjecting them to the price reduction process unless absolutely necessary.
What has been your experience as a past seller who had to go through a price reduction and what lessons did you learn?
5 Tips to Effectively Marketing Your Sheridan Home
In my next post I’ll be sharing 5 exclusive secrets to successfully marketing your Sheridan, WY home. These tips will help your Sheridan home sell quicker and for maximum fair market value.
Until my next post,
Century 21 BHJ Reality, INC