Inside Real Estate Show With Darin Persinger | Home Buying | Home Selling | Homeownership

If you're looking to sell your home but think to yourself, "I need to price my my home high so I can negotiate down," you're buying into one of the biggest Myth-Informations our there. Realty-Reality: You should price your home in the market you're competing in. If you price your home higher than the market value, your competition is going to crush you. Your competition is the other homes for sale. If you’re pricing your home higher and moving in to another category of competition, how do you think buyers are going to view your home? What if you have three bedrooms, and other homes priced similarly have four bedrooms? What if you have 2,000 square feet, and the other homes priced similarly have 2,500 square feet? Wha tif you have a view of the lake, but the other homes are on the lake?An important metric to know is the Sales Price to List Price Ratio. In a Sellers Market it’s not uncommon to see this number be 98% or higher. So if you are priced even 5% too high, you’re actually out of the market.To Find Your