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School Reports in Short Hills, Millburn and Maplewood, New Jersey

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Pricing >Sellers Beware

Here is a scenario for sellers to avoid. You contact a real estate agent to list your home and the agent suggests that you might get more for your house than comparable homes on the market. The agent assures you that it only takes finding one person who is willing to pay your price!

Some agents approach a listing appointment as if they are bidding for your home. The unfortunate result is that you start out with an unrealistic opinion of your home's value. There is often a strong temptation to work with a person who says what you want to hear. An experienced, reputable real estate agent will back up their opinion of your home's value with hard data. The agent should give you information about the listing price of homes that are currently on the market, and recent selling prices of similar properties in your immediate area.

Even the most heroic marketing efforts won't work on a property that is obviously overpriced, (except in the most exaggerated of seller's markets.) Even if you find a buyer who is willing to pay more than your home is worth, the sale could fall apart when the appraisal comes in lower than the agreed-upon price. Listen to everything, but be careful!

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Q	Where was the great land boom (1919) in which investors paid up to $25,000 for lots not yet dredged up from the ocean?
A	The great Florida land boom brought hundreds of investors to the state after Carl Fisher founded Miami Beach in 1919.
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David Cooper, REALTOR®, real estate agent and broker for Short Hills, Millburn and Maplewood, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

David Cooper
Coldwell Banker Short Hills
518 Millburn Ave
Short Hills, NJ 07078
973-436-5154
Fax: 973-387-3483
Cell: 973-477-2127
DavidCooper@number1expert.com

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