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 do not sell.
They might be over priced, in very poor condition, 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.
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
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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. Grand Rapids Michigan is a vibrant, growing
metropolitan area with a diverse business community, great medical
research & services, numerous universities, plus lively arts and
entertainment of all kinds.
We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263