IF YOUR HOME IS PRICED TOO HIGH, IT WILL NOT SELL!
If your home is priced too high compared to the other homes for sale in the neighborhood your open house will be a disaster. The buyers you expect will visit other open houses in your neighborhood and not visit your home. Have your Realtor perform a Brokers Price Opinion. Your list price should be 10 percent below the competition.
KEEP THIS IN MIND:
1. You will have many buyers visit your open house.
2. You can accept or reject any offer that is below your price point.
3. A multiple offer situation will occur, with a possible bidding war.
4. At escrow closing, you will receive more money in your pocket.
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