Benefits of Competitive Pricing

1. More Salesperson and Buyer Enthusiasm: Both salespeople and buyers are excited by a competitively priced house. Salespeople like to talk and show these houses with interest. Buyers consider them good deals.
2. Shown to Sell, not Just Compare: Prospects are shown competitively priced houses by their agent with the intention of buying the house not to compare with the other correctly priced properties in the neighborhood.
3. Faster Sale: Competitively priced houses sell much faster than those that are overpriced do. Rarely will a house competitively priced end up an expired listing.
4. Ultimately Higher Price: A house that sells in the first 40 days will bring the highest price and that amount will decline as time passes.
5. Ability to Move into the Next Home: Eight out of ten repeat homebuyers sold their previous home before purchasing another home. The time it takes to market a properly priced home is shorter which allows the seller to purchase another home and move in a reasonable amount of time.