Pixel
(855) 451-2150 | Testimonials | Contact | LOG IN
How Not to Price a Home

How Not to Price a Home

Do you know how to price a home? Some homeowners want to price their home for up to $30,000 higher than market value. They think by pricing the home higher, they leave room for low-ball offers. This thinking in theory is sound, but in reality, it doesn’t offer the results you’d expect.  

price a home

Statistically, a home that is well priced will sell more quickly and closer to list price than one that is overpriced. Realtors know they need not leave room for negotiations because today’s home buyers are extremely well educated – they are market savvy and privy to much information via the internet and other valuable sources.

When homeowners price their home out of market range, they actually preclude themselves from the needed attention a home deserves when initially coming on market. The home will get stale after sitting on the MLS for a month, and the homeowner will have no choice but to see the price lowered. Lowered prices run the risk of leaving tough questions in the mind of potential home buyers; they might begin to question the home’s appeal and wonder what could be wrong.

In addition, when the home is priced right, if the home seller is fortunate, a bidding war might ensue. Bidding wars among possible buyers have been known to give sellers more than what they were expecting.

The best way to price a home is to start by interviewing 3 top realtors. Find the realtor who has listed and sold homes within your price range and in your community. He or she will be best suited to price your home competitively, based on first-hand experience in your particular market.

 

HOMESELLERS’ RESOURCES PICKED Especially FOR YOU.

Thinking of selling home? Clean Everything and again!
One of the biggest problems people run into when selling their home is the process of preparing it for sale. Buyers notice EVERYTHING when walking through your home!
market value of home
If you’re preparing to sell your house – maybe your family is expanding and it’s time to start looking for a house with more room! – you need to analyze how you can increase the market value of your home. You first need to create a budget on how much money you can spend on...
show your house
It’s time for you to move – maybe your employer is relocating you to a different office – so your current house is for sale and your listing is in place. Now it’s time to show your house. You want your home to be inviting, but Halloween and Thanksgiving are just around the corner and...
More Resources

Get Our Educational Resources RIGHT TO YOUR INBOX.

AdvantageU provides free tools and the definitive A to Z list curated
from our extensive experience to save you time time and money.

Educational Resources Request Form
Sending
AdvantageU FaceBook
AdvantageU Twitter
AdvantageU YouTube
AdvantageU Pinterest