The Benefits of Competitive Pricing 1. Both agents and buyers show enhanced enthusiasm in a competitively priced home.
Agents like to talk about and show such houses with interest.
Many times, an overpriced listing gets a lot of early action only to help sell competitively priced homes. Competitively priced homes rarely end up in expired listings. Statistically, a house that sells in the first 30 days will bring the highest sales price and that amount will decrease as time passes. Over 8 out of 10 repeat home buyers sold their current home before purchasing another. This shows the importance of competitive pricing for moving the house within a reasonable time to enable the seller to purchase another home.