How To Choose The Right Price For Your Nanaimo Home

How To Choose The Right Price For Your Nanaimo Home

Let’s cut right to the chase. The #1 reason that homes in Nanaimo don’t sell is because of the price, plain and simple.

Now, before you jump to the conclusion that all real estate agents want to do is sell homes for cheap so they can move on to the next deal, let me tell you that I’m not suggesting that you sell your home as cheaply as possible.

What I am saying is that pricing your home correctly – from the very first day that it goes on the market – will make the difference between your Nanaimo home selling quickly to a qualified buyer, or having your home sit on the market for weeks on end and attract nothing but buyers looking for an unrealistically motivated seller.

Many times a seller will want to start by listing their home for sale at a price above market, so that they “Can see what happens”.

What will happen is that their home doesn’t attract any showings, or if it does, the people that are looking at the home are simply curious and are trying to figure out why the house for sale is so overpriced.

Most buyers are represented by real estate agents, and most real estate agents have a very good idea of what homes are going for. 

During the first few weeks that a home in Nanaimo is on the market is when your home will attract the most attention from solid buyers.  So, you’ve got a very short window of opportunity to get a deal done.

Buyer’s real estate agents will tell you that most people who are in the market to buy a home will not go back for a second look at a house that’s over priced, even if the price is lowered.

That’s because an overpriced home is made a bad first impression with a potential buyer, and first impressions are very tough to change.

If you’re thinking about putting your home on the market, a very good way to get an idea of what a fair market price is – one that will get your house in Nanaimo sold fast – is to visit as many open houses that you can.