Why You Should Avoid Looking at Asking Prices
Local Realtor Gary Kent reveals the biggest pricing blunders people make when selling a home in San Diego. Blunder #1: Looking at asking prices of other homes and using them to price your own.
When you look around at other homes for sale in your San Diego neighborhood, you may be tempted to use their asking prices to estimate your home’s value. Don’t fall for it. People who do this are ignoring one critical fact: no one has bought those homes yet! For all you know, those homes could be highly overpriced and spend months gathering dust on the market. Click the video to hear about one of the most glaring examples—imagine if you were basing your price off the price of THIS home!