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Price, Price, and Price?  Well it really isn't that simple, but price is the #1 reason homes don't sell in today's buyer's market.  With several homes for sale available for every 1 buyer in the market, the homes that are priced correctly will sell before the ones with the pretty pictures or the nicely landscaped yard or the spotless interiors that are priced above market. 

Even homes that are lucky enough to find a buyer that is willing to pay a higher than market price because they like the home so much still have to appraise for the offer price.  The days of the slightly inflated appraisals are over, as well as buyers that would have to pay out of pocket to make up the difference between the appraisal and purchase price. 

Other bad pricing strategies include pricing the home based on what is owed, pricing based on what the owner thinks it is worth, pricing based on what is owed plus improvements the owner has paid for, and pricing based on the original purchase price.  The true selling price of a home is the market price that is derived from a very thorough Current Market Analysis (CMA) of the property by a licensed Realtor.  Please call/text (507) 202-0995 or e-mail - bryan@olmstedproperties.com for your complimentary CMA today!