Seller puts his home home on the market. He thinks his home must be the best of best. This is the Taj mahal and the buyer sees just one of the 10 homes we viewed today.

       An overpriced turkey is a hard sale. I wrote an offer for an home went through 242 days on the market, 2 real estate agents and  $70,000 price dropped. Sorry Dude… You have priced it out of the market. I think the #1 seller’s mistake is to overprice it.How do we guess the correct market price? Your realtor can run a Comparative Market Anlysis for you.

The little people inside of seller may said:” My dear agent… I want more $$$.” Let us assume today I am going to sell a beautiful apple today. I want to label this to be  $200 USD beause I want more money. Am I gonna get my money? I don’t know let us try. I wait and wait for the right buyer to buy and I hope the market will support my price. I Polished my apple daily.(Clean the home and use the best furnitures to decorate it). I increased the agent commision to be  20% of my profit ( may be that will attract more buyer’s agent show my home). I put alot of signs of “$200 Apple for sale”. (I asked my agents to put advertising everywhere and run open house every weekends). Three monthly later all the $2.00 apples sold but I don’t get an offer. It must be my agent’ fault so I  to lower the price and change my agent also. What a waste! We can apply the fair trade concept to either  apple or house. To price it right is just the beginning…

I just found another blogger share the same opinion about the #1 mistake the home seller can make from the realestateblocks.com .