#RealEstateMythBusting: Fast Offers Mean Lower Selling Price?

Thinking of selling your home? Here's a common misconception that could cost you!

Many sellers believe a quick offer signifies their house is underpriced. Wrong! In fact, a speedy sale often leads to a higher selling price.

Here's why:

• Early Offers = Strong Offers: Buyers who act fast are typically more motivated and willing to offer closer to asking price. They haven't seen dozens of other properties yet, reducing leverage for negotiation.
• Stale Listings Attract Lowball Offers: The longer your house sits on the market, the more questions buyers raise. "Why hasn't it sold?" becomes the narrative, leading to lower offers in hopes the seller is desperate.

Data reinforces this:

• Homes under contract within 7 days typically sell for 100% of listing price.
• This percentage steadily declines the longer the house sits. By day 40, it drops to around 92%.

The takeaway? A quick sale is often a good sale. Price your home competitively and leverage the Miller Group's expertise to attract strong, early offers. Let's get you top dollar for your house!

#RealEstate #SellingYourHome #MythBusters #OrlandoRealEstate #CentralFlorida

The Miller Group of Keller Williams Realty