Grand Rapids Michigan Real Estate Blog

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Grand Rapids Michigan Home Seller - Asking More Doesn't Mean You Will Get More

Grand Rapids Michigan Home Seller – Asking More Doesn’t Mean You Will Get More

About one third of homes listed on the Multiple Listing Service will not sell.

They might be over priced, in very poor condition, in a bad location, a weird

floor plan or some other oddness about them.  They will sell at the right price,

which is what we are trying to convey to you here.

 

P1010107 thumb Grand Rapids MI Home Seller – Asking More Doesn’t Mean You Will Get More

 

The correct price is so crucial to the sale of your home, that if you miss

the mark the first time, you are chasing a downward trend that is very

difficult, if not impossible, to catch.

 

This can be tricky, as you don’t want to under price the market.

But the market doesn’t hold still, what was a great price a few months

ago is not a great price today.  You can’t rely on any market information

over 3-6 months old.  You need to know what is happening today.

 

Example : 440/981 = Days On Market/Total Days On Market

The stats above are for a house in the Grand Rapids market that we saw

on the MLS today.  You would think that in almost 33 months on the

market, this homeowner would have realized that their price is not in

line with homes that are selling.  Sure, there have been reductions on

this home’s price, but not enough and not soon enough.

 

Be smart about selling your home.  Use a Realtor who can give you

the straight facts, not someone who tells you what you want to hear.

Unless you want to be like the seller above, chasing a downward market

and watching your competition use you as a price comparison.

 

 Should You Listen to Your Realtor or Your Instincts?

 Free White Paper for Sellers:Avoid 11 Mistakes that Could Cost

 

Syndicated from Grand Rapids Real Estate Blog

_____________________________________________

The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and what it is like to live in

West Michigan.  We believe: Grand Rapids is a Great Place to Live!

search for Grand Rapids homes Find Grand Rapids Home Value Grand Rapids Relocation Guide

Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

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Comment balloon 1 commentTerry & Bonnie Westbrook • February 15 2011 12:23PM
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