New Orleans Home Pricing
Whenever we meet with someone about selling a New Orleans home, there are many questions and concerns that need to be addressed. The biggest one? New Orleans home pricing.
Get it right and you’ll be walking away from the closing table in short order.
Get it wrong and you may be setting yourself up for a slow downward slide and that’s no fun for anyone involved.
From REALTOR.com:
Research shows that overpricing your home and then dropping the price several times while it languishes on the market usually leads to selling it at a much lower price than what you originally should have asked for it. The longer a home stays on the market, the deeper the discount is likely to be off the original price.
Our advice? Don’t test the market
Either you want to sell or you don’t. “Testing” the market just to see if anyone is interested in your home at a high price rarely works. If that’s your plan, throw a For Sale by Owner sign in the front yard and be prepared for the crazy phone calls from the folks who want owner financing or lease to purchase deals. We guarantee that will get old in just a few short days.
If you really want to sell your New Orleans home, talk to your agent about proper pricing. There’s nothing wrong with being aggressive with your list price. If you’re extremely overpriced, you won’t even get showings, much less viable offers. We can guide you through the comparable sales and other information you need to set a fair price from day one and get you moving.
