| If this is a situation where you NEED to sell or are selling and buying in the same market, my suggestion is to get all the numbers OUT of your head and hit the market aggressively. Make sure you have an agent who knows his/her numbers and will start you off with the correct on market price (considering the value of upgrades... Hopefully you checked with an agent first to make sure the upgrades you made had good return on the dollar...) and get your home in front of the buyers via all available media. Then, with your agent, establish a reduction schedule that fits your time on market expectations and stick with it until the home sells. Odds are very good that your neighbor and their agent will NOT do this and are of no concern.
If this is a situation where you don't need to sell and might not immediately buy again once you do sell, find an agent who's willing to give you a break on their commission and do what I like to call a passive listing. Sign, MLS, standard web sites and sit.
In an aggressive listing, you're going after the market. In a passive listing, you're letting the market come to you.
Good luck with your sale!
Doug M. (Agent)  |