Pricing your home correctly

According to the Keller Williams Real Estate Institute’s 2009 Survey of Home Sellers, just under half (43%) of sellers originally listed their home at the price recommended by their agent.

There were some interesting facts found:

  • Those who used their agent’s recommended price sold the
    home 38 days faster.  This is over a month of mortgage and
    taxes payment for this additional time on the market.
  • Those who listed their home at the price the agent originally
    recommended sold their home for a little over 2 percentage
    points higher in the list‐to‐sell percentage.  For a home listed
    at $175,000, this is a difference of $3,937.50.
  • Those who listed their home at the price the agent originally
    recommended sold their home with one fewer price
    reduction, on average.

It pays to listen to a qualified, experienced real estate professional when it comes to pricing your home correctly.

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