If a home is truly under priced it should generate multiple offers, create a bidding situation and actually sell for market value. I am seeing multiple bid situations on some Jacksonville Short Sale homes for sale right after they reduce their price to below market. My Home Buyers end up having to compete with other Buyers because everyone sees it is a good deal!
The best determinant to see if you home is priced at market value is to look at the number of showings and offers you have had on your home. (Since Market Value is depending on the Buyer seeing your home and making that offer.)
In the real estate world if we are getting too little showings or alot of showings and no offers we know that "The Jacksonville Real Estate Market Has Spoken" and price adjustments need to be made. (Note: Price is the main factor in determining whether Buyers buy but we also look at our feedback and take into account showing condition, location, etc.)
If you are still unsure then ask your Realtor to show you the properties you are competing with. Look at homes in the same price range through the eyes of the Buyer and ask yourself, "Would I buy my home or this one?". Then look at homes in the price range your Realtor is suggesting and ask yourself, "Would I buy my home or this one?". If you would buy your home then you are in the right price range.
Sign a 30, 60, or 90 agreement at your price then sign another listing agreement concurrent after the expiration of the first listing agreement at the Realtor's price for your Jacksonville Home. This way you know your price will be given a shot in the marketing and the Realtor knows that they have a shot at selling your home.
This is important because if it is a good Realtor and they think your home is overpriced; they won't take the listings. You have to understand from their point of view it will be a waste of time and money try to sell a home overpriced. So if you comprise with your Realtor you can get the best Jacksonville FL Realtor and at your terms.
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Date: Wednesday, March, 5th 2008 @ 01:04:00 PMLike this article?
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