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Real Estate Tips
Pricing >Overpriced

In the real estate world, a large group of people are looking to buy homes at any given time. These are the seller's best prospects. This ready group of buyers is wasted, however, if your house is overpriced.

People who have been shopping around and are accustomed to comparing properties will probably refuse to look at your home with an unrealistic price tag. You and your real estate agent may know that you would sell for $10,000 less, but the buyers do not know this. As a result, your overpriced property receives little attention.

Don't be fooled into thinking that your house is worth more than someone is willing to pay for it, or that it's just a matter of waiting for the "right" buyer to show up. Surveys show that the longer a house is on the market before being sold, the greater the drop in price from the listing price when it does sell. The buying public eventually sets an accurate price. An overpriced house just sits on the market, waiting for a price adjustment before it will attract a buyer.

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Real Estate Trivia
Q 
What 1982 thriller featured a house that was supposedly haunted because it had been built on the site of an ancient burial ground?

A 
Steven Spielberg's "Poltergeist"was filmed in an actual home on Roxbury Street in a normal residential suburb in California's Simi Valley.
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Sandi Reeder and Associates, REALTOR®, real estate agents and broker for Albuquerque, East Mountains, Placitas and Bernalillo, New Mexico home listings, property and land for sale - NUMBER1EXPERT(tm)

Sandi Reeder and Associates
Keller Williams Realty

9201 Montgomery NE, Ste 101
Albuquerque, NM. 87111
Mobile: 505-269-9498
Office: 505-271-8200
Fax: 505-323-3291
Email: Sandi@SandiReeder.com

Say Yes to CRS! Buying or selling a home can seem like an overwhelming task. But the right REALTOR can make the process easier-and more profitable. A Certified Residential Specialist (CRS), with years of experience and success will help you make smart decisions in a fast-paced, complex and competitive real estate market. To recieve the CRS Designation, REALTORS must demonstrate outstanding professional achievements - including high-volume sales - and pursue advanced training in areas such as finance, marketing, and technology. They must also maintain membership in the NATIONAL ASSOCIATION OF REALTORS and abide by its Code of Ethics. Work with the top 4 percent of REALTORS in the nation. Contact a CRS today.

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