When is it time to reduce your price?

Rebecca Serwotka Your favourite local property expert, of Inmobiliaria Real Estate Agents in Ciudad Quesada & published author of Moving Forward 25 Essential Rules For Buying & Selling Real Estate Without Going Crazy.  Request your FREE copy today!
If youve had your home on the market for quite some time, and still youre waiting for that elusive offer, you need to seriously think objectively about why you believe youre still not sold.

Some people price their homes based on pure emotion, and find it very hard to break free from the potential monetary loss.  Comparing what they paid for the property originally, together with the tidy sum invested in renovating can make their price inflated, compared to the current market value.

As a seller, you need to focus on the importance of the here and now and not on what has happened in the past.   This is not a time to dwell on would, could, should  So sometimes you need to bite the bullet, cut your losses, and weigh up the reasons why youre on the market in the first place.

If you really need or want to move, you MUST price your home accordingly.  Buyers arent stupid!  They will know exactly what they can get for their money, and just because you may have the most beautiful home in the street, doesnt mean you can ask over current market value.

Youve probably experienced quite a few potential buyers being brought to your home, but ask yourself, how many offers have you even had?  If your answer is none, then this is a red flag of truth, waving its ugly head in front of you.  The only way youre going to get rid of that flag, is to sort your price out PRONTO!

Im always talking about prices in my blog, but everything comes down to money.  If youve not spoken with a professional Real Estate Agent about fixing your perfect price, then go and have a chat with them.  If theyre allowing you to put on your own price asking price, based on your feelings, and not the current market value, then theyre not doing you any favours.

Who wants to keep being on call for any potential viewing appointments, then when the buyers do come around, they tell you what a wonderful home you have leave, and never seen again.  Its not that they didnt like your house, they probably did, but theyre running away faster than being chased by the bulls through the streets in Pamplona, because you scared them away with your price!

If youre not up to pricing your property correctly, then maybe you shouldnt be on the market.  If you make the mistake of pricing the property based on what you want to buy, you need to remember, in the property market, there are losses, but there are gains too!hink logically, and if you feel now is the time to lower your price, think about the offer youll be putting in on your next purchase.  Sometimes you wont make as big a loss as you think, because youll gain it right back with your purchase!

e property market is always about logic.  Think about it logically as a seller, and put yourself in a buyers shoes Would you pay too much?

For more information and guidance on buying and selling, please contact us and we will send you our FREE e-book or log on to:  www.homes4u.es/new-kindle-e-book to request the link.

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