Owatonna, MN

Pricing decisions are more important than ever for sellers in this real estate market. Here are some things for sellers and future sellers to keep in mind as they contemplate their pricing decision. It's so critical to visit with your real estate professional to get a locally knowledgeable source in determining the best price for your home.

If you price your home too high for the current market -

1. You will lose the excitement that a new listing generates:

Most activity on a listing comes within the first 30 days.

Agents update potential buyers on new listings - buyers decide whether to view a home based on the price and amenities.

An initial high price will discourage buyers.

It's the right buyer at the right time - DON'T MISS OUT ON THAT ONE!!

2. You will lose the most qualified prospects:

Buyers will not "just make an offer" because they probably will never see the property.

Buyers will view the properties that are priced within their price range, knowing that they cannot afford anything above their price ceiling.

3. Overpricing helps sell other homes:

Your home may be used to demonstrate the good value of other properties.

Your objective should be to enter the market in a position that will attract prospects, not drive them away.

4. Your home may become stale on the market:

Prospects may wonder what is wrong with the property (even after you lower our price).

You may even have to settle for less than market value.

A house takes on a reputation surprisingly fast, so don't wear out your welcome on the market.

5. You lose a strong negotiating position when your home is on the market a long time, both financially and through perception.

Provided by Lynn Johnson, Broker/Owner at Coldwell Banker Home Connection, Owatonna, MN

Contact Lynn for all your real estate needs in and around the SE Minnesota area.

This has been a fantastic Fall season. I've been out every day enjoying the explosion of Autumn colors. One of my favorite parks to walk through is Kaplan's Woods which is 225 acres of trails and groomed paths. There is a plethora of nature to enjoy throughout this wonderful park. The best part is that you see different things as the seasons change. Summer brings the lush green forest feel, as Fall arrives you can see through the trees and notice things that have been hidden from view in the past. Winter's a magical time in Kaplan's Woods and the city Parks department does a terrific job of clearing the trails. The paths are also groomed for cross country skiing and snow shoeing which are great ways to enjoy Winter.

Kaplan's Woods is a desirable destination for family photos and graduation pictures with its incredibly picturesque backdrop. We're so fortunate to have a variety of wonderful parks and trailsto enjoy throughout the year. Owatonna offers so many options for families and park goers of all ages. Get outside to play and enjoy!