What are the common mistakes in pricing?
When people choose to sell For Sale by Owner, one of the biggest pitfalls they face is setting the right listing price. If setting a price was simple and straightforward, real estate agents would be out of business. These are the most common mistakes people make in pricing their homes, Pricing Mistakes that Can Destroy Your Sale can be avoided by hiring a licensed professional.
Basing your home price on what the neighbor down the street listed his home for isn’t a reliable method. Nothing loses potential buyers faster than an overpriced home. Subsequent price lowering makes it look like you’re getting desperate to sell, which will increase low-ball offers. Contrarily, you do not want to underprice. A lower listing price may decrease the time to sell a bit; however, you might leave several thousand dollars on the table. Learn how to price your house for sale the right way, based on research.
See Attached PDF