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Selling Your Jupiter Home : Decisions, Decisions, and Decisions!

Selling Your Jupiter Home : When Overpricing’s a Good Idea!

selling your Jupiter home | selling your home | sell your property | selling a homeA crucial part of selling your Jupiter home comes right at the outset—when you set your asking price. It boils down to a decision to go high (the I-love-this-place-and-gotta-have-it-no-matter-what price); or low, with a number that is just under neighborhood comparables (the I’d-better-snap-this-up-before-someone-else-does price).

Success in selling your Jupiter home quickly is commonly understood to correspond with the lower price strategy, it’s true. But are there ever reasons why you would want to set a price that’s significantly higher than your neighborhood usually commands? Is there EVER a right time?

Although the common wisdom for selling your home is a pretty firm ‘NEVER!’—but there might be some possible exceptions. When might it be reasonable to ‘test the market’? Here are a few:

No true comparables. If you have a Jupiter home that’s verifiably one of a kind in the area, comparisons based on size, number of bedrooms and baths might be misleading. In such a case, it’s important that the differences be blatant—obvious to everyone—because banks and other lenders are likely to need considerable persuading, “Comps” are easy to justify, which is why they are the usual reference points that make loan officers comfortable. But keep in mind that it’s an absolute ‘must’ for selling your home with a higher-than-comparable listing price: it’s got to be a gem!

Uniqueness. Selling your Jupiter home at an elevated may be justified when it offers features that aren’t duplicated anywhere else in the area. This can be the case when the location is unique, as when the views from the living room are breathtaking, or a long driveway or dense plantings offer seclusion in an otherwise crowded neighborhood. To warrant the elevated price tag, those unique features should be easily describable in marketing materials.

No need to sell. If demand for properties in your area is intense—but you have no urgent need for selling your Jupiter home right now, you might decide to list at a price that would warrant a move for financial reasons. This is the weakest reason to price high: it usually ends in wasted effort without much to show for it.

The list of reasons why overpricing is usually a terrible idea would include showings lost, appraisals that come in at lower than sale price, offers from prospective buyers discouraged, etc. The fact is, when it comes to selling your Jupiter home, you’re probably looking for a speedy sale at a fair price.

If you are going to be selling your own Jupiter property this fall, give me a call. We can go over how your property is likely to fare in today’s market—and draw up a selling plan that will meet your goals!

 

 

 

      

 

Questions, Comments or For more information you can email Christian Penner at TheMortgageTeam@ChristianPenner.com or visit us online at www.ChristianPenner.com or you can call us directly at: 561-316-6800

ChristianPenner.com
http://www.christianpenner.com/selling-your-jupiter-home-when-overpricings-a-good-idea/
Selling Your Jupiter Home: When Overpricing’s a Good Idea!


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blackwhite#ChristianPenner, #MortgageBrokerWestPalmBeach talks about #RealEstateWestPalmBeach. He also serves other Local Areas and provides home #MortgageSolutionsforPalmBeachGardens, #Jupiter, #BocaRaton, #Wellington and #Tequesta. #ChristianPennerMortgageBrokerJupiter has the #lowestmortgagerates and the best #homemortgage programs like; #Jumboloans, #FHAHomeLoans, #VAHomeLoans, #ReverseMortgageHomeLoans, #FreddieMacHomeLoans, #FannieMaeHomeLoans and #HARPMortgageLoans. #ChristianPennerMortgageBrokerPalmBeachGardens has Served the area for over 15 years with his #HomeLoanLending Needs and Works with #FEMBIMortgageinJupiter. You Can Also Find Him On fb mortgageFacebook at: http://Facebook.com/YourMortgageBanker

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Christian Penner
South Flagler Drive, Suite 800, West Tower West Palm Beach, FL 33401

Phone: (561) 316-6800

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ChristianPenner.com
http://www.christianpenner.com/selling-your-jupiter-home-when-overpricings-a-good-idea/
Selling Your Jupiter Home: When Overpricing’s a Good Idea!