Zillow.com recently did a study that shows many home sellers are way too hopeful and ask a lot more than they’re likely to get. Market value is hard to pin down because similar sales don’t always give a good indication of how much a home is worth. Nearby places that have sold in the last six months or so may look in worse shape than yours, and there may not have been enough recent sales to get a firm price. Also, if similar condos for sale in West Palm Beach have already sold for less, you won’t be able to obtain a higher price for yours.
Negative Reactions
Agents may not want to waste time on a house that isn’t likely to sell. Higher-priced condos for sale in West Palm Beach mean a bigger commission, but agents may think they can sell two or three homes in the time it takes to sell yours, making more money from several smaller commissions than your one large commission.
Need Money to Buy a New Home
Even if you get the full price you asked for the house, you might miss out on it because of the time it takes. You might have to settle for something less than ideal. Even worse, you might spend more than you planned, which would cancel out the extra money you made from the sale.
Pricing condos at places such as South Flagler House is an art, not something that can be done on a whim. You must be very careful as you look for someone to help you. Look for someone who knows your neighborhood well and has good references. Stay away from people who only sell a few homes a year. You want a pro who knows the market well and will put a good word in for you.
