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The Problem with Overpricing Your Southeast Michigan Home
Manage episode 156352836 series 1186136
Το περιεχόμενο παρέχεται από το Derek Bauer. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Derek Bauer ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
Want to sell your Michigan Home? Get a FREE home value report
First, you should know that buyer activity is very high right now, and homes are selling very quickly. In the Midwest, home prices increased by 6.3% year over year, and there are plenty of areas in Detroit where appreciation is even higher than that.
Right now, the $250,000 to $500,000 price range is hot, and has seen a 17.5% increase in sales since last year. If you have a house in that price range, now is the time to sell. You’ll have a line of people waiting to see your property
“
PRICE YOUR HOME ACCURATELY
FROM THE VERY BEGINNING.
”
In this price range, accurately priced homes sold for 98.9% of the list price and spent only 22 days on the market. However, overpriced properties only earned 92.4% of the list price and spent 81 days on the market. Overpriced properties took four times as long to sell compared to accurately priced ones! Avoid a stale listing and missing out on earning top dollar by pricing your home accurately.
If a house is on the market for over a month and a half, people start to assume that something is wrong with it because most good properties sell very quickly. Purposely overpricing your house is not in your best interest.
If you have any questions, give me a call or send me an email. I would be happy to help you!
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