Should You Start a High Price?

There are more Miami real estate sellers than there is a buyer, which means setting the right price is twice as essential as it normally is.  Many sellers choose to set a price that’s a little higher since it can always be reduced later on.  This isn’t wrong but it certainly isn’t right either.

Ads are an integral factor when selling Miami real estate but contrary to popular belief the price doesn’t receive quite as much attention in an ad.  Buyers will be more concerned with the home itself and whether they like the home.  Even if they do, there’s little way of knowing whether the home fits what the buyer needs which is where the services of a listing agent come in.  The agent can give the buyer all the pertinent information on the home as well as present neighboring properties that match what the buyer is seeking.

The huge amount of resources and clients that listing agents have means it pays to seek them out and let them know that you have a home for sale in the Miami real estate market.  The tradeoff here is that there will be twice as many potential buyers eyeing your property and if your price is abnormally high compared to a neighboring home, there goes a potential sale.  Strongly consider pricing competitively from the beginning before risking a possible sale by choosing to adjust accordingly.