Finding Your Home's Best Selling Price
Statistics show that the best opportunity to sell your home is often within the first few weeks of putting it on the market. This can be good news, or bad, depending on your motivation. Some homes sell right away, while others sit on the market for months without a single offer.
1. Price to Sell not Sit. To maximize your selling opportunity, it is important that your home be priced right. What is the right price? Many factors will determine your home's best asking price. Our current real estate market has a lot to do with it.
Using sound judgment, research, and experience, a good agent can help you determine the right price for your home. They will help you evaluate your location, the recent sold data, current market trends, and your home's special features that set it apart from the competition.
"What's wrong with pricing my home a little high?" Price your home too high and most buyers won't even bother looking at it. Over priced homes tend to sell the competition first. This scares away many qualified buyers simply because they can elsewhere and get more house for the money. As the house sits on the market, people will shy away from it thinking there must be something wrong with the home.
2. Don't Sell Yourself Short. I've had clients ask, "Should I under-price my home?" Pricing too low could forfeit thousands of dollars. Sometimes you can attract multiple bidders making multiple offers, but this is only recommended when you need a faster-than-average sale.
In most circumstances, pricing your home correctly from the very beginning will net you the best results in both time and money.
To find out your home's perfect selling price, get in touch with me today. We will take the guesswork out of the entire process and suggest an accurate market price for your home. It has never been easier!