Palm Bay Florida MLS Listings

What Happens Behind the MLS Listing Scenes
Whichever the case, if you start out with too high a price on your MLS Listing, you may have just added to your stress level, and selling a MLS Listing is stressful enough. There will be a lot of "behind the scenes" action taking place that you don’t know about.
Contrary to popular opinion, the MLS Listing agent does not usually attempt to sell your home to a homebuyer. That isn’t very efficient. The MLS Listing agents market and promote your home to the hordes of other local agents who do work with homebuyers, dramatically increasing your personal sales force. During the first couple of weeks your MLS Listing should be a flurry of activity with buyer’s agents coming to preview your home so they can sell it to their clients.
If the MLS Listing price is right.
If you and your agent have overpriced your MLS Listings, fewer agents will preview your home. After all, they are Realtors, and it is their job to know local market conditions and MLS Listing values. If your MLS Listing is dramatically above market, why waste time? Their time is better spent previewing homes that are priced realistically.
Dropping Your Price...Too Late
Later, when you drop your price, your MLS Listing is "old news." You will never be able to recapture that flurry of initial activity you would have had with a realistic price. Your MLS Listing could take longer to sell.
Even if you do successfully sell at an above market price, your buyer will need a mortgage. The mortgage lender requires an appraisal. If comparable sales for the last six months and current market conditions do not support your sales price, the house won’t appraise. Your deal falls apart. Of course, you can always attempt to renegotiate the price, but only if the buyer is willing to listen. Your house could go "back on the market."