Pricing a Home to Sell

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Pricing a Home to Sell
Pricing a Home to Sell
Slope Style Realty Christy Wilkey Caroline
Krumel
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The single most important factor to consider when
selling a house is pricing the house correctly
it's picking the absolute right price tag how
much your house is worth, pricing the house to
sell. You don't want to overprice the
house because you will lose the freshness of the
home's appeal after the first two to three weeks
of showings.  When selling your home, attractive
pricing and packaging are arguably the two most
basic essentials. In our current real estate
market, the buyers have a lot of choices. In many
areas, the shelves are simply overstocked. And
since no two homes are the same, making that
distinction between your home and the dozens of
others is key. Where pricing is concerned,
establishing that all important asking price is
part science and part art, and there are several
things you should consider.
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1. Be Objective
Many homeowners want to set their list price
based on what they paid for their home, the
balance of their mortgage, or on the profit they
want to make so they can move into another home.
In reality, your home is worth only what the
market will bear.
2. Price is King
Pricing realistically will allow more potential
buyers to see the property whereas pricing
incorrectly can cause a home to languish on the
market. Ultimately, listen carefully to your
agents pricing strategy. Its their job to know
what works and doesnt. And as with any strategy,
be prepared to have an ongoing discussion about
pricing with your real estate agent.
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3. Know the Context
A knowledgeable Realtor can help you factor in
the context of your local market conditions,
including whether home prices are rising or
falling and whether it's a buyer's or seller's
market. By having everything on the table from
the get-go, well have a plan B should the first
plan fail. This saves time and helps set the
appropriate expectations in the sellers mind, so
there are no unpleasant surprises down the road.
4. Analyze the Market
A Realtor can provide a comparative market
analysis, explanation of how your home should be
priced and help you estimate who might want to
buy your house. First impressions are everything
when selling your home. Studies have shown that
the first two weeks on the market are the most
crucial to your success. During these initial
days, your home will be exposed to all active
buyers. If your price is perceived as too high,
you will quickly lose this initial audience and
find yourself relying only on the trickle of new
buyers entering the market each day. Markets are
dynamic, and your price has an expiration date.
You have one chance to grab attention. Make sure
your pricing helps you stand out on the shelf --
in a positive way.
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For more Details
Contact Us Now!
A knowledgeable Realtor can help you factor in
the context of your local market conditions,
including whether home prices are rising or
falling and whether it's a buyer's or seller's
market. By having everything on the table from
the get-go, well have a plan B should the first
plan fail. This saves time and helps set the
appropriate expectations in the sellers mind, so
there are no unpleasant surprises down the road.
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http//www.slopestylerealty.com