Basking Ridge Homes For Sale

Fresh on the Market and Price it to Go!

When you go out looking for a home, you don’t want the old listings that have been around awhile. If the house was hot, priced right and in great condition, it would be gone by now. Same goes for your own home in the Basking Ridge real estate listing arena. If you start out with a high sales price, then drop it later — your house becomes “old news.” to buyers.

Come out on the market with a BASH! Wow those buyers and make it a price very close to what the market will bear. Your Realtor will do a careful comparable study of what homes are selling for in your area. That is what buyers are looking at and comparing your home price. Now have your Realtor put an all out marketing campaign and watch the buyers scurry to your first open house.

Let’s say you feel that your home is worth more than the neighbor’s home. Each buyer will have a mortgage and each lender will do an appraisal of the house. They are only going to lend the same money that has been spent on other homes in your very tight area of Basking Ridge homes and those that sold in the last few months. If your home sells, then you wait for the appraisal and it doesn’t appraise….you go back on the market again.

Once your home has fallen out of escrow or sits on the market awhile, it is harder to get a good offer. Potential buyers will think you might be getting desperate, so they will make lower offers. By overpricing your home in the beginning, you could actually end up settling for a lower price than you would have normally received.

Call Adrienne Francis today at 201-259-4449 for more information on Basking Ridge real estate