Pricing Your Home Correctly
So you’ve decided, it’s the right time to sell your house, but at what price? Of course, selling a house is an important and big step. That is why; the main goal of every seller is to sell the house quickly and with maximum financial return. Pricing your home correctly is the key factor to sell it quick.
How about sitting in a well-maintained house but failing to attract buyers because it’s overpriced! Doesn’t it cause a lot of distress?
So the real question is; how would you know the real worth of your house and how to market your house with a correct price?
To simplify things, we’ve got some pointers for you!
The moment you price your house incorrectly, you either eat into your profit or your reputation. Any house that sits on the real estate market for a long period of time usually ends up with a bad reputation as potential buyers assume that there is something wrong with the property.
To your surprise, when these houses ultimately do sell, they sell for a much lower price than the correct price they should have been offered at, in the first place.
Many sellers believe to somehow beat the system but there is a reason why pricing your house correctly has always been a fundamental factor in making or breaking a real estate deal.
So how much is your house worth?
Well, you answer this question by taking into account some considerations as we discuss them below.
Adapt to Prevailing Market Condition
If you are considering selling, experts suggest that you must adapt to the existing market conditions. If not, you might end up discounting to sell your home.
Pricing your home correctly, as soon as it hits the market is the key. If your home is staying on the market for an extended period of time, either you need some house maintenance or need to get realistic about the home’s price.
Get Professional Insight
Nothing could be more instant and valuable than getting a professional advice for pricing your home correctly. For this, hire a reputable real estate agent as these professionals understand the ins and outs of their market.
One of the best advantages of hiring a professional is that they know how to evaluate your home worth in comparison to other houses currently listed for sale.
Avoid Adding 10% for Price Negotiation
Never be tempted to include 10% for house negotiation. Most sellers fail to realize the fact that setting the correct and reasonable price, actually stimulate competition and demand among buyers.
So if you’ve set the right price for your home, you will start seeing the activity with regards to a number of viewings, instantly and just within the first few weeks. This happens because most potential buyers, actively and keep searching around the market.
Want some more suggestion to price your home correctly? Contact us!