December - San Diego real estate
Tuesday, December 6, 2022
Price Reductions - Carefully pricing a home allows sellers to walk away with the most money possible and achieve success quickly.
For professional track sprinters, getting out of the starting blocks quickly, fast, and first is often the difference in a race. There is plenty of preparation and training to be that runner that is the fastest off the blocks. The initial lunge is crucial and is an advantage that often propels the athlete with the best start across the finish line with arms raised high in the air.
Find Out What Your Home is Worth Today!
Similarly, when a home initially comes on the market, pricing a home accurately is the difference between a seller raising their arms in celebration within the first few weeks versus taking months to sell and likely for much less. In today’s market, values are slowly declining. The longer a seller takes to properly price their home and secure a successful outcome, the more money they will ultimately lose.
One of the most crucial steps in selling quickly, opening escrow, and obtaining the highest possible net proceeds from selling a home is carefully arriving at its Fair Market Value
. In every price range, homes sit without success, leaving these sellers wondering what they are doing wrong, 33% of all homes in San Diego County have been on the market for over two months, and 42% have reduced their asking price by at least once.
Throwing a price out there just to test the market is not a wise strategy. Instead, carefully and methodically pricing a home is vital to cashing in on the Golden Opportunity
the first few weeks after coming on the market. Spending several hours coming up with an extremely accurate price would be better than wasting weeks or months of precious market time. Click here to download the full report.
Call/text George Lorimer at 619-846-1244.