Pond Boss Forums INTRO Questions & Observations Seeking advice on selling tract of land in Illinoi

IMO If you use a realtor, do not rely on them entirely to advise you on the price to list your property. We recently sold a property the realtor suggested we list at what we felt was a low price. We said no and listed it much higher. Sold about half way in between the two numbers. What if we had listed at the realtor's suggested price? All buyers want you to come down some. Maybe we would have got several K less than the realtors suggested sale price? Just saying don't price yourself out of the market but you can always come down but not up in price. The difference in commission to the realtor is not that much if they can get a quick sale and a quick check for them.

Pay a qualified appraiser a few hundred bucks up front to know what the property is worth before you list it is my advice. End of the day, if the buyer is going to finance the purchase, the loan won't go thru if the property doesn't appraise near sale price or below anyway.