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.
