Initial Listing Price Important for Sales Success
When you list your home for sale the initial listing price you choose is extremely important for a successful sale. Your homes list price is always an important key to selling however there are times when a real estate markets allows the seller the room to ‘list a little higher’ or ‘test the market’, perhaps listing at 5-10% above the suggested list price. This is not the case with the current Florida real estate market.
Not only is aggressively pricing your home at the onset of the listing period crucial, constant monitoring of the market trends is a must if a seller wishes to compete with the competition. The competition in most areas of Florida right now are REO and short sales. Short sale listings make up a huge portion of the listing inventory. These home are priced to receive an offer quickly in order to have a contract to submit to the lender for approval. Your home is competing against short sales for the limited number of home buyers in the market place today.
2010 should see an increase in home sales in many areas of Florida. If you want your home to be one of those that sale this year, price it aggressively at the start.