Trouble Selling Your Home in the Bahamas?

My home won't sell!
We've heard that complaint from more than one Bahamas real estate owner over the years as they've come to us for help in selling their home.
The answer is usually simple.
The most common reason why real estate doesn't sell in the Bahamas or elsewhere is because it's overpriced.
All too frequently, an owner will cling to an unrealistic price, determined that “the right person” is out there – it's just a matter of finding them.
In the meantime, the grass grows around the For Sale sign, the home becomes worn and the price inevitably is going to drop – perhaps below what it would have sold for if it was priced correctly in the first place.
The truth is, it's the buyers and not the sellers who will determine the market value of a home.
And while a seller may initially dismiss a professional appraiser's value as being too low, ask yourself this?
Would you pay more for a house than the appraised value?
Now, bear in mind that most Bahamas real estate agents and buyers will view the new listing within the first month.
If it's overpriced, interest in the property will die quickly. And so buyers will look elsewhere, narrowing the number of people you can appeal to.
Let's say someone did agree to an inflated purchase price. Once the appraisal comes in, do you think the bank will lend the money?
Another concern is this; if a real estate agent agrees to take on an overpriced house because they want the listing, will other agents use your property as a means of selling their own listings? A barometer against to measure other homes priced more realistically?
Buyers are smart and will shop around and make their own comparisons.
So, it's really no use trying to push off a $500,000 home for $600,000. Buyers viewing homes priced correctly at $600,000 will note the difference in the properties.
Save yourself the grief. Let one of our experienced Bahamas real estate agents walk you through the process.