Pricing Your Home

It is tempting to determine the asking price of your home by figuring what you originally paid for it, adding the cost of improvements plus a healthy profit, and then put it on the market. This is a rookie mistake, however, and can cost you a lot of time and money.

It is essential that you place a smart, competitive price on your property. If the price is too high, your home stays on the market longer, increasing your expenses along the way. You may think it’s a good strategy to start high and then reduce the price if necessary. But, if potential buyers see a history of a dropped asking price, they will either wonder what’s wrong with the home since it hasn’t sold or they will think you must be getting desperate and will offer an even lower price.

Your real estate agent can tell you that sellers who list competitively from the start will get a better price than those who list high and then go lower and lower. Let your agent help you avoid the overpricing trap. Together you can review a comparative market analysis of similar homes to yours that have sold in your area recently.

Also, consider your local market conditions. Are homes in your neighborhood selling quickly? Is it currently a buyer’s market or a seller’s market? Are you putting the home on the market during the spring home buying season or in the middle of winter?

Remember that some buyers are motivated by more than just price, so plan to be flexible to get your home sold quickly. When do the buyers want to move into the house? Can you, the seller, finance the home? Are you willing to leave the patio furniture or an area rug? Be open and creative as you review the buyer’s offer.

Price your home based on reality, not just wishful thinking, and depend on your agent to be your best ally in finding your bottom line.

0 views

Recent Posts

See All

Bathrooms 101 for Sellers

I am sure that your realtor has told you that bathrooms sell. I have put together a quick organization plan for your bathroom to make it shiny and spacious. The first thing we need to do is control th

Choosing Between Two Perfect Houses

You’ve searched and searched, finding nothing that suits, when suddenly you’ve found not one, but two homes that would be perfect. What to do? First, remember that your housing market may demand that

  Subscribe to Our Site

©2015 BY RE/MAX HARBOR COUNTRY@ New Buffalo VALERIE (VAL) BOMBERGER

Tel: 269.208.4750  valeriebomberger@remax.net  https://www:.valeriebombergermirealestate.com/

45 N. Whittaker, Suite #200 New Buffalo, MI 49117

The properties on this website are generated from the Broker reciprocity Program of the

MLS Exchange, Inc. All rights reserved.