The question often comes up with sellers of Encinitas homes if they should list their home under the market value. There are pros and cons to taking this approach to the sale of real estate in Encinitas.
Listing an Encinitas home below the market value can sometimes stimulate a quicker sale if you are concerned with the speed at which your home is sold and in some cases you can induce a bidding war by tempting potential buyers with a lower initial asking price. However, there are also cons to listing a house in Encinitas below the market value.
If you are selling in a low-demand, high-inventory market it can be dangerous to list the property below the market value. In the case of attempting to encourage more offers to increase the sale price by listing under the market value, this strategy may backfire if you receive only one offer on your home and then must sell for a much lower price than you expected to receive. At the same time, if you know that there is high-demand for a home like yours there may be an opportunity to increase interest by listing your home low.
With so many factors playing into how much you should sell your house in Encinitas for an Encinitas Realtor can be an invaluable resource to have and help you navigate through the appropriate strategy to sell your home. Encinitas Realtor Linda Moore can help you sell your home quickly and for the highest price possible.