Then I began to think about tomorrow. What if that day old donut was not purchased at 50 cents and in fact it’s still sitting on the shelf the next day. Well now it’s a day old donut, might as well be a week old donut. It’s crispy, hard, not fluffy, not delicious. Nope. I don’t want that donut. I wouldn’t pay anything for that donut. Nope. You can’t pay me to buy that donut. Nope. I don’t want that donut.
That’s the market value of a donut. The market vlue of a house? Price your house at market value on day one, that beautiful, glorious, wonderfully fluffy house glazed to perfection…I’ll buy it at asking price or darn near to it! Price your house above market value and I’m not interested in looking at, there are others to view around yours at market value price. I’m not even going to look. Lower your price after a few months of having priced it too high…now it’s cold, chilly in fact, if I’m even still potentially looking at it, I will be offering even less for this house. Lower the price 6 months into listing it…well now it’s an old donut, might as well be a year old donut. Even now that it’s priced at market value, your market value is gone because now it’s crispy, hard, not fluffy, not delicious. Nope. I don’t want that donut. Things to keep in mind when pricing your home? Be a delicious fresh and perfectly priced donut. 🙂