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Selling your Charleston home for the highest possible price

Listing and selling your Charleston home... is the objective of every homeowner. However, the most important word in the title is possible.

When listing your home for sale in Charleston, it really doesn't matter what you paid, what you need to sell it for or even what you might like to sell it for and of course, it doesn't matter what your friends, neighbors, co-workers and relatives think unless one happens to be an outstanding Charleston real estate agent who has current market data at their fingertips. Basically, it will sell for what market value is (and of course, it has to appraise unless a cash buyer waives an appraisal contingency but in my experience, a cash buyer who does that is going to have a very good idea of value and drive a pretty hard bargain anyway).

But back to selling for the highest possible price. Banks don't know how to sell a home. Somehow, some banks seem to think that homes that they are selling (either as lender owned homes as a result of foreclosures or as the lender approving a short sale) are worth more than market value.

Take this example. There has been a short sale available for sale in Charleston for about a year and a half. There have been several offers but both offers fell through when the bank didn't approve the price because they wanted a higher price. And they have stubbornly held firm to that price despite evidence to the contrary showing that the home is not worth nearly that much.

So if you are thinking about selling your home in Charleston, don't make the same mistake. Price it right and be flexible if you want to successfully sell your home for the highest possible price.  

Published Wednesday, February 08, 2012 7:52 AM by Howard Arnoff

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