This could make or break the sale of your home!
One of the most important decisions you’ll make when selling your home is how much to list it for. While it seems simple, your home’s listing price can make or break your sale. Selling your home is one of the biggest financial transactions you’ll make, and setting the wrong price could mean losing out on thousands of dollars in potential profit.
Average Days on Market in some places in the Valley is over 100 days .. If you price your home too high, buyers will be scared off, which can make your home sit on the market for weeks or even months. The longer it stagnates, the more buyers start to wonder if something is wrong with it. You may eventually have to lower the price just to attract attention, which you definitely want to avoid!
On the other hand, pricing too low might help your home sell quickly, but it can leave you wondering how much money you left on the table.
Sometimes, sellers will rely on their “gut feelings” when choosing a listing price, but it can often lead to a lot of money left behind. Whether it’s pricing too high because you’re emotionally attached to your home, or too low because you’re eager to sell quickly, improper pricing can cost you big time!
How do you avoid these pricing pitfalls? The key is to work with an experienced real estate agent who understands your local market and uses strategy, not gut feelings, to price your home!
When recommending a listing price for your home, your agent will analyze factors like:
Comparable Sales: Looking at recently sold homes in your area similar to yours to see what buyers are willing to pay. Market Trends: Understanding whether your local market favors buyers or sellers. Buyer Demand: Gauging the number of active buyers in the market and their willingness to pay top dollar. The Economy: Considering both local and national economic factors that influence the real estate market.
Using this data-driven approach, your agent will help you determine the best price to list your home that will attract the most buyers, sell your home quickly, and maximize your profit.
By setting the right price from the start, you’ll be in the best position to achieve your real estate goals without stress or regret.
And right now, marketing your home is just as important as pricing it properly. Make sure you work with not only a great real estate agent .. but make sure your agent knows how to market your property through professional photography, videography and social media prescence.
Thinking about listing? Reply to this newsletter or shoot us a text and let’s chat about how to set your home up for a successful sale!
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