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Realtor Suggests Lower |
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We are newly retired (ages 59 & 55), own a home in VA and my husbands' homeplace in PA. We have decided to move to PA and sell our home in VA. The assessment for our home in VA has come in 20,000 lower than we expected to put our house on the market for. The realtor has suggested we place our home on the market for 249,900 (assessed at 240,000) We would like to ask him to put it on the market for 259,900. Is this an unheard of thing to do-uping the price a realtor suggests for selling a home? |
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You're in charge, you call the shots, you can list for any price you like. Of course you want to take advantage of your agent's expertise and experience, and it's likely that what he suggests will bring the most interest from buyers. But if you have the leisure to feel out the market, you haven't got much to lose by trying.
Before you decide, ask your broker for a list of nearby similar properties, those in competition with you on the market. Try to think like a buyer. As you looked at the prices, which ones would you ask your agent to take you to?
As I say, if you're not in a hurry to sell, you can afford to feel the market out. Just calculate what it's costing you every month to keep one of those houses vacant (I assume). Include in your expenses whatever interest you're not earning on the money you'd have to invest after you sold it. And keep in mind that that's what you're losing, every month you carry two houses. |
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Edith
Originally published on July 17, 2008 |
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