Not pricing your home correctly will end up costing you a lot more money.
One of the most important factors when selling your home is pricing it correctly from the beginning. If you price it too high, your home could sit on the market for an extended period, leading to frustration and potentially costing you more money in the end. A home that sits on the market for too long can also become stigmatized, leading potential buyers to wonder if there’s something wrong with the property.
Pricing your home too high can also lead to fewer showings and limited online views, which can decrease your chances of selling your home quickly. On the other hand, pricing your home at the right price point can generate healthy activity right out of the gate, leading to a quicker sale and better return on investment.
As a real estate agent, I understand the importance of finding the right price for your home. When determining the right price, we take into account current market conditions, market timing, the condition of the home, and its location. Every home sits at a price range, and we aim to find where your home will have its highest and best price when it hits the market.
“Buyers may wonder what’s wrong with a property that sits on the market.”
By pricing your home correctly, you are more likely to attract serious buyers who are willing to pay a fair price for your property. This can lead to multiple offers and a quicker sale. If you’re not receiving any offers, it may be time to reassess the price and adjust accordingly.
In general, having your home on the market for two to three weeks in a normal market should provide enough showings and feedback to determine if you’re in the right price range. However, if your home is unique, it may take a bit longer to gauge interest.
Remember, everyone’s goal on the market is to get the most amount of money possible, but sometimes pushing that limit can backfire. Ultimately, finding the right price from the start is key to a successful sale. If you have any questions about pricing your home, don’t hesitate to reach out to me by phone or email for guidance.
