Long Island Sellers: Buyers Don't Care How Much You Paid for Your Home

One of the hardest decisions for a seller is deciding what price to put on their property.

And it's understandable.

You know what you paid for it. You know how much you've put into it. And you may have a number in your head that you'd really like to get.

But buyers don't look at what you paid.

They look at what else they can buy today.

If your property is priced higher than comparable homes on the market, buyers may simply move on to the next one.

And here's the frustrating part.

The longer a property sits, the more questions buyers may start asking.

“What's wrong with it?”

“Why hasn't it sold?”

“Is the seller willing to negotiate?”

That's why it's important to understand your competition and what buyers are actually willing to pay.

The goal isn't to be the most expensive property on the market.

It's to make your property stand out for the right reasons and give buyers a reason to act.

Ultimately, you want your property to be the one buyers don't want to lose.

Lawrence and Sheila Agranoff, REALTORS®

Lic. Associate Broker/Lic. RE Salesperson

Cell: 631-805-4400

Charles Rutnberg Realty

crrli.com