Jayashree
REALTOR®, Team Leader & Coach
Toronto Trusted Real Estate Advisor
REALTOR®, Team Leader & Coach
Toronto Trusted Real Estate Advisor
Among most real estate professionals, there is a general consensus: the best way to increase your Sellers chances of selling their home in today’s market is to price their home at a fair market value. With more Sellers having to compete for fewer Buyers, you certainly don’t want Buyers to pass you over due to poor pricing.
Often Sellers disagree and want to ‘try a higher price first’ or ‘leave room for negotiation’. It’s our job to inform you, based on the current market, what the best pricing is to get your home sold. So why do sellers over price their homes?
Overpricing your home can negatively impact you in the following ways:
Stagnation: Your property sits for a long time and is becomes ‘stale’.
Tougher Negotiations: If you have made the mistake of overpricing your home and sits for a long time on the market if an offer does come in the buyers and their agent are likely to negotiate harder and use your stale property against you during the negotiation period.
No Showings: If your home is considered overpriced, buyers may not even look at it! It’s simple overprices homes don’t sell!!
Similarly, the wrong Buyers may be looking at it. If your Realtor has started overpricing your home at $50,000 the buyers in that price bracket could easily pass your home by to view properties that offer better value for money. In addition your property is not even on the radar of the right Buyer!
You may in fact be helping to sell your competition! By using your home as a comparable the buyers agent could easily make your competition (other Sellers homes) look like a bargain!
The average buyer sees 10-15 homes before they purchase, so why not make sure you’re one of them! Buyers agents are going to show similar homes that are priced more attractively and as a result, your listing will most likely be passed over!
We were first time buyers and quite overwhelmed with the process at the beginning. Fortunately, My friend recommended and we got to work with Jayashree as our advisor, who helped us navigate the process and made sure we understand everything each step of the way. She’s knowledgeable, responsive, and always on the reach. Thanks to her expertise and negotiation skills, we were able to find the perfect home we loved.
Jayashree was a pleasure to work with! This was my first time getting my own condo in Toronto and it was pretty overwhelming. Thankfully ,She made the process smooth and fun! I am happy my financing was also taken care I felt like so much was offloaded and the entire process felt good. I highly recommend her!
Jayashree did a great job selling our home in Oshawa. We strongly recommend her services and would certainly use her again when we sell our next home. She took her time with us, was always quick and responsive throughout the whole selling process, and never insisted on selling our home for less than we were comfortable with, like some other agents we had in the past. Thank you Jayashree, you are the best!
Jayashree was an excellent real estate professional. We called her with a very short timeline to rent out our condo unit. As an incredibly reliable agent, she found us a great tenant despite the time crunch. We greatly appreciated that she is a landlord herself and also has real estate investing experience. She added a lot of value providing her advice throughout the process. She also gave us the option to be included in the tenant interview – which we felt was extremely helpful in assessing the quality of the tenant. We also really appreciated how responsive and proactive she was, which alleviated a lot of stress for us. We loved working with Jayashree and look forward to working with her again.
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