When it comes time to put your home on the market, a crucial factor determining how the chips fall is pricing it correctly. In this video discussion via Facebook live, Hannah Jay and Anthony Licciardello delve into the question- what could go so wrong when overpricing your property?
In the end, it will not only cost you months of wasted time if your home does not sell, but it could actually cost you quite a bit of money in the long run. Anthony explains that once you get past the initial pool of interested buyers, and they pass on the home, this drops its value in the eyes of other buyers. Overpricing could mean you ultimately fetch 2%, 4%, sometimes even as high as 8% on your final sale- which equates to $20,000 or even more!
We also talk about how to find an agent who will be honest with you about what your home is worth, and what to look for in choosing the person who will do a great job marketing your property.
All this, plus a little talk on the New York City metro area real estate as a whole. It turns out that sales volume is down for the third quarter now in all 5 boroughs of New York City. What could that mean for the next year or so for real estate sales here? Will prices keep climbing or flatten out?
Tune in to find out our take on these crucial real estate topics. The sun came out so it's feeling like spring for once!!!