When you decide to sell your home, it’s a big deal. This is a major life decision for homeowners to make. Many people have their personal wealth tied into their homes so when it’s time to sell, they want to get it right. Whether you’re working with a listing agent or on your own, you need to ensure you are pricing your home right so that you can sell it in a timely manner and walk away with maximum profits, too. Deb Maher Realtor is here to talk about how you can price your house to sell it quickly and maximize your profits.
Tips for Pricing Your House Right for Sale
Pricing your home is something that you want to get right when it comes time to sell. Here are some tips to ensure yours is right.
– Comparable Homes: The number one factor that will determine what you can get for your home is what the comparable homes in your area are being sold for. When you work with a realtor, they will provide you with a comparative market analysis that will give you all the information you need to help you understand what homes in your area are selling for. If you’re searching for comps on your own, you will need to follow some criteria for doing so including a search within 1 mile of your home, home listed in the last 3 months, and homes that are roughly the same age and size as yours.
– Other Seller’s Mistakes: You can learn a lot from other seller’s mistakes. You should look at the original listing prices of your comps and what they actually sold for. This will help you better price your home.
– Avoid Obscure Pricing: When you are setting your price, you should always think about what will draw buyers in more. Avoid choosing numbers like $456,123. When seller’s are house hunting, they will certainly be drawn to a house priced at $295,999 rather than one at $300,000. However, you should avoid choosing a bunch of random numbers when pricing your home as this can turn off buyers.
– Consider Online Search Ranges: You will want your home to show up in search results for buyers online. For instance, if you are selling your home for around $300,000, you want your home to show up when a buyer searches for houses at or lower than $300,000. If this means pricing your home at $299,999 rather than $305,000 so that it shows up in a search for homes under $300,000, it might be worth keeping the price slightly lower.
Residential House Property Sales & Rentals in Gatesville, Valley Mills, Robinson, Lacy Lakeview, Bellmead, Hewitt, Woodway, Greater Waco, TX | North & Central Texas Real Estate
The best way to ensure your home is priced right is to work with Deb Maher Realtor. We will make sure that your home is priced right so that you can get as much profit as possible while still sell your home in a reasonable timeframe. Call us today!
