Thursday, February 6, 2020

Most Common Pricing Mistakes Sellers Make When Listing a Property

In a favorable real estate market, it’s common for potential sellers to fall victim to the notion that they can do no wrong. In reality, nothing could be further from the truth! That’s why home pricing with local market knowledge is one of our New Rules of Real Estate. It’s that important for your success.

Avoid these large mistakes to ensure you attain the highest possible value for your home, in the shortest amount of time.

A ‘Zestimate’ Is pretty much a joke.

Estimates from sites like Zillow are just that—estimates! To determine a logical listing price, it takes a trained professional. That’s because a trained professional takes into account things that a simple estimate database can’t like daily or weekly market conditions and intimate neighborhood knowledge. Finding an agent with focused experience in your community—and taking his or her research, experience and insight to heart—is the best way to go about things.

Overpricing your home right from the start, costs $1000s

Sure, it certainly seems logical to up the asking price of a property in anticipation of negotiations. The problem with this logic however is that it often backfires, and when it does, you’ll be forced to lower the price of your home, thus painting it in a needlessly unfavorable light.
Overpricing can lead to your house sitting on the market untouched and is much more dangerous than underpricing. Likewise …

Pricing for the future.

Home values in your neighborhood might well be on the rise, but you’d be wise to resist the urge to jack up the listing price because of it. This is merely another way to overprice your home and, ultimately, wind up in a position that forces you to lower the listing price.
If you price your home based on current sales and the present state of the market, you will have more interested buyers and a better chance of competitive offers.

Choosing the agent who offers the highest listing price. (Common Mistake)

Don’t choose the agent because they offer the highest listing price—choose the agent who offers the most compelling strategy for selling your home. What an agent says they can do versus what they actually do are often two very different things, and if a listing price sounds too good to be true, there’s a good chance that it is.
When meeting with potential listing agents, pay close attention to their marketing and selling strategy. If they can explain it to you in a way that makes sense and logically yields results, that’s someone you want on your team. If they talk big numbers but don’t have a concrete business plan to back it up, be weary.

Letting emotion cloud your judgment in Real Estate

Particularly when it comes to selling a property, this one’s often easier said than done. But it’s critical to bear in mind that, at the end of the day, selling real estate is business, and the decisions you make during this process will impact your life in more ways than one. First Team agents use competitive market analysis and our own tool Market Trends to provide you with the facts you need to set the right price, right away. Because you need the facts, not wishful thinking.

For help pricing your home, talk with a Modern Market Realtors Team agent. You can search for a professional in your area or reach out and we’ll match you with a top listing agent based on your neighborhood.

Modern Market  Realtors
1306 24 Ave S
Moorhead MN 56560
Office-(701) 205-5517

Friday, January 3, 2020

Fargo Moorhead's #1 source for real estate services!

Search Fargo, ND & Surrounding Cities Home Listings. Find Your Home Today! Local Home Market Experts. Regions #1 Real Estate Co. Modern Market Realtors Licensed Realtors - MN/ND. 20+ Years of Experience. Neighborhoods: Amber Valley,Willow Park,Southpointe,Prairiewood. Modern Market Realtors is Fargo Moorhead's #1 source for real estate services! Get Home Evaluation. Search Homes. Highlights: Local Experts Available, Free Home Valuation Report Available.

Saturday, November 16, 2019

Modern Market, Realtors | Homes For Sale

Modern Market, Realtors | Homes For SaleSearch Moorhead, MN & Surrounding Cities Home Listings. Find Your Home Today! Local Home Market Experts. Region #1 Real Estate Co. Licensed Realtors - MN/ND. 20+ Years of Experience. Neighborhoods: Horizon Shores, Shepard Meadows, Johnson Farms.

Monday, July 29, 2019

Moorhead MN Condo For Sale | Modern Market Realtors

Explore our database of luxury and downtown listings on mobile or desktop. Request a Showing Today. Help You Buy Your Home! We Make it Fast and Stress Free. Real Estate Made Easy. Meet an Agent. Top Property Search. Modern Market Realtors