Mistake 1: Pricing From A Preferred Number
A desired net, neighbor's sale, automated estimate, appraisal value, or improvement cost can influence expectations, but none should set the price alone. Buyers compare current alternatives, and the lender may later compare relevant completed sales. Build the range from property-specific evidence and make the seller's assumptions visible.
- Compare the homes a likely buyer can purchase at the same budget.
- Separate closed, pending, and active evidence instead of averaging them together.
- Adjust for condition, lot, setting, floor plan, improvements, and likely buyer objections.
