You may think that pricing your home to sell means listing it at the highest price possible and hoping that someone will pay that.
While there’s some truth to this, you should also know that buyers are price-sensitive these days, and if your home is overpriced by too much, no one will buy it.
To get the best return on your investment when selling your home, here are three expert tips for pricing your home to sell based on current trends in your area.
1) Understand What Makes Your House Valuable
When you’re selling a home, your realtor can tell you how much your house is worth, but that’s just one number. Understanding what makes your house valuable—that means finding out about comparable listings in your area and asking yourself if their amenities are similar to yours.
The more unique (or sought-after) your home is, the better position you’ll be in when it comes time to sell. And, of course, there are some things that can’t really be quantified at all; think of them as intangibles.
If your home was designed by an award-winning architect or has breathtaking views of nearby scenery, you know there will always be someone interested in buying it…even if they have no idea what its true value might be on paper.
So, take some time to consider your home’s pluses and minuses before listing it for sale; even something like tile flooring may make your house stand out compared with others in its price range.
2) Get Professional Help
If you think it’s hard to make good decisions when you’re emotionally invested in your house, imagine how hard it would be if you weren’t.
Before listing your home for sale, hire a professional real estate agent who can help determine what price is right for your market. You won’t be alone during negotiations—and you won’t have to deal with flakey buyers trying to haggle down your list price.
It also helps bring experienced insight into home value and neighborhood pricing—neither of which are easy things to pinpoint on your own.
Remember, though: Agents are humans too—which means they don’t always provide excellent service, so do some background checking before choosing an agent for yourself or recommending one to friends or family members looking for someone trustworthy. It is very important to find the right realtor for you!
You want a full-time real estate agent that you know will represent you to the best of their ability, negotiate on your behalf effectively, and get the job done!
3) Price Strategically
One of your first and most important decisions as a seller is determining a listing price for your home. Although some real estate agents will advise you to list at fair market value, that number isn’t always attainable or even desirable.
Instead, it’s best to consult with an experienced agent and determine a realistic list price based on local sales of comparable homes. That way, you can set yourself up for an above-average sale without damaging your chances.
While you should never lowball your home, don’t overprice it either; doing so may cause buyers to take their business elsewhere. If these strategies sound like common sense, they are—but they’re also part of what makes seasoned pros so good at what they do. Realtors bring years of experience to every closing table.
What can I bring to the table?
If you’re thinking of selling your home, it’s important that you have the right info from someone with the knowledge and experience to back it all up.
Feel free to call or email me anytime with any questions. It’s always good to have options!
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