Pricing your home for sale can be tough. After all, there’s a lot of factors to consider. If you’re like most homeowners, you obviously want to sell your home for the highest possible price. Chances are good you also don’t want your house to sit on the market for weeks or months.
The Right Asking Price Can Sell Your Home Quicker
Remember when you bought your first home?
You likely looked for a well-priced property that seemed like a good deal compared to other listings in the neighborhood.
Here’s the thing — buyers who might be interested in your home are probably thinking the same thing you were. They’re searching for a house that’s priced just right — one that stands out as being a great value, without being seen as ‘cheap’.
On the other hand, setting the price too high will simply put potential buyers off. Folks will either ignore your listing altogether or give you an aggressive, low-ball offer. Buyers might also wait you out, letting your listing sit on the market for months before putting in an offer that’s well below market value.
Don’t Let Emotions Impact Your Pricing Strategy
Chances are good your home is the biggest purchase you’ve ever made. Not only that, but you likely have a lot of memories, good and bad, tied to your house. That can make setting your emotions aside a difficult thing to do.
When pricing your home for sale, be aware of how your emotions are affecting your choices. Is your ideal price based on how you feel about your house, or is the price based on cold hard facts? Emotions and financial decisions tend to be at odds, so be sure to keep your feelings in check when pricing your house.
Know Your Local Market
Real estate agents price listings by conducting a comparative market analysis. They research what similar homes have sold for recently in your area, and they look at factors such as square footage, lot size, and the condition of the property. Realtors also analyze how long listings sit on the market for, and how pricing impacts sales.
Even if you don’t plan on hiring a real estate agent, it can be a good idea to consult with one when pricing your home.
Stressed Out Over Pricing Your Home?
Want to sell your home fast without any hassles or stress? Contact WeBuyHouse today to find out what your house is really worth. We’ll answer any questions you have about us and our service. If your house is right for our buyers, we’ll give you a no-obligation cash offer. It’s that easy.
Dyan Zammataro | Sep 2, 2020
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