With the real estate market of
Northern Virginia becoming more active every day, there is a constant
surge of property in demand. If you're a prospective buyer, CLICK HERE for a Full Home Search, or if you're interested in placing your property on the market, obtain a Free Home Value Report RIGHT HERE. For any other questions about current market conditions or the value of your property, contact me at (703) 909-3939.
We have noticed a trend recently in Northern Virginia that has left us wondering what's going on. We've seen a handful of homeowners reduce their listing price, despite what appears to be a hot market. Is the market cooling down, or are folks simply overpricing their homes because of their confidence in the strong market?
We're thinking it's the latter. Pricing your home too high is dangerous for two reasons: you look greedy in the marketplace and buyers start avoiding your property like the plague. If you are in this scenario, it is likely this was unintentional - you wanted a certain price for your home so you thought you'd try for it. The problem is that once you reduce the price of your home, people don't come back. Typically, overpricing your home results in having to dramatically reduce the price to a point it wouldn't have reached otherwise. But how can all this be avoided?
First, you need to look at our Northern Virginia market and see how other homeowners are pricing their property. Working with an agent who has your best interests in mind is another important step. They will help you utilize competitive pricing to gain market momentum and drive your price up.
If you are interested in working with an agent that has a feel for all the nuances of our market, give us a call or shoot us an email. We would love to help you form a competitive pricing strategy so you can get the most from your home sale.
We're thinking it's the latter. Pricing your home too high is dangerous for two reasons: you look greedy in the marketplace and buyers start avoiding your property like the plague. If you are in this scenario, it is likely this was unintentional - you wanted a certain price for your home so you thought you'd try for it. The problem is that once you reduce the price of your home, people don't come back. Typically, overpricing your home results in having to dramatically reduce the price to a point it wouldn't have reached otherwise. But how can all this be avoided?
First, you need to look at our Northern Virginia market and see how other homeowners are pricing their property. Working with an agent who has your best interests in mind is another important step. They will help you utilize competitive pricing to gain market momentum and drive your price up.
If you are interested in working with an agent that has a feel for all the nuances of our market, give us a call or shoot us an email. We would love to help you form a competitive pricing strategy so you can get the most from your home sale.
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