With the inventory being lower this spring market, homes are selling very quickly. While I listed one property last year (36 Avon Road, New Rochelle, N.Y. 10804 taxes approximately $22,000 and 4559 square feet), and we went into contract around Thanksgiving time, I was still able to obtain $995,000 for the home and for my friend. We had originally listed higher ( not my suggestion), but my friend needed to see where she stood in the market place. I had suggested one price, and she had wanted a much higher price. While I always advise against pricing too high, this was a friend of over 40 years, and I wanted to try. Appointments and no bids will soon let you know where you stand. In this particular case, the property was just under half an acre, offering a wonderful location, with 7 bedrooms, and we enjoyed many appointments. . However, some of the bedrooms were quite small, and the home had not been renovated in many years. As soon as we lowered the price to $995,000, we received multiple bids, and it sold for that final list price. She was very happy as were the buyers! We closed in March 2021.
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In this instance, pricing higher didn’t detract rom the final price point as this home offered so much value but I would always suggest you listen to your agent when pricing a home. We know the market and only wish to obtain the highest price possible!
New Rochelle is GREAT!