Pricing Your Home

Strategies to Maximize Selling Price

Pricing your home is both an art and a science. Achieving the optimal price results from objective research into comparable properties and a gut feeling about your property and the current market.

The right price should:

Attract buyers
Allow you to earn the most money possible
Help you sell as quickly as possible

The simple fact is, price is the number one factor that most homebuyers use to determine which homes they want to view. And it's important to remember that, although the price is set by you, the value of the home is determined by the buyer. Try to avoid allowing your enthusiasm to impact your better judgment - overpricing is a common mistake that can cost you in the end.

Pricing Your Home

The Importance of Proper Pricing

Faster sale and less inconvenience
Exposure to more buyers
Increases Realtors® response
Generates more advertising/sign calls
Attracts higher offers
Means more money to seller
Avoids being "shopworn"

Common Reasons for Overpricing

Over-improvement
Need
Purchasing in higher-priced area
Original purchase price too high
Lack of factual data
Bargaining room
Move isn't necessary
Assessed value
Emotional attachment
Opinion of family and neighbors

Dangers of Overpricing

Most of the activity on your home will occur in the first few weeks. Pricing a home properly and then creating immediate urgency in the minds of agents and buyers is critical.
Don't start with a high price and the assumption that you can reduce it later. By the time you decide to lower the price, it may be too late, as interest will have already waned.

We put significant time and resources into the collection, analysis and evaluation of our local real estate market data which enables us to produce relevant property valuations

Premier Real Estate Consultants

321.604.8896

Pricing Your Home

Pricing Your Home

The Importance of Proper Pricing

Common Reasons for Overpricing

Dangers of Overpricing

We put significant time and resources into the collection, analysis and evaluation of our local real estate market data which enables us to produce relevant property valuations

Subscribe Form