When you sell your house, it’s important that you price your home correctly right from the start. If you list too high and go through numerous price reductions, buyers will wonder what’s wrong with your house and how low you are willing to go.
Ideally, you would only need to go through one price reduction, if any.
There are a few things to consider when pricing your house.
First of all, your agent is not your adversary. We are here to help you sell your home for the most money in the shortest amount of time possible. We will collect data on homes in your area that have sold in the past, homes that are active on the market, and pending sales in order to determine a good price for your home.
We look at similar homes that are active on the market because your home needs to be priced better than the other homes on the market. That means your home would be priced on the lower side of the competition. If your home is priced on the higher end, buyers will go for those lower-priced homes first.
We also look at recently sold property because once you are under contract, the appraiser can only look at recently sold homes in the area. You don’t want to get into a contract and then end up with pricing issues.
Finally, we examine pending sales to see what the home was priced at, what the buyer wrote an offer for, and how many days that home was on the market. That way, you are able to get more insight into the best price for your home.
If you have any more questions about pricing your home or if you have any other real estate questions, please don’t hesitate to give us a call or send us an email. We would be happy to help you!