Pricing your home to sell - how shall we arrive at a good price?
Well there’s actually three things that are enmeshed together: they are Price, Condition, Location. All three actually make your Streamwood IL home either sell or be rejected by prospective buyers.
Obviously in this market with the elevated inventory you have to be ‘spot on’ with your homes price. Too high and no one will take your home seriously and it will be passed over. A fair price – what a seller is willing to accept and a buyer is willing to pay. That’s what we normally strive for.
For Streamwood IL homes here are some enlightening statistics that I've found. Price your house right in the beginning and you'll make more money! It's true and here's what I've found from current sold sales.
Streamwood homes that have sold and closed sell at 94% of the list price or 6% off list.
Where it becomes interesting is the 'old sales price to selling price' which is at 87%. That is an additional 7% off the original listing price. So homes that have sold in the Streamwood IL area were 7% off their correct price and needed to be adjusted downward in order to sell. When sellers decided to do this price adjustment ultimately determined the homes days on market.
Let's show you in $dollars$ what that might mean:
| $150,000 | $10,500 |
| $175,000 | $12,250 |
| $200,000 | $14,000 |
| $225,000 | $15,750 |
| $250,000 | $17,500 |
That is an awful lot of money for the quicker selling smaller price ranges. Again this was proven out with Streamwood IL homes averaging 183 days on the market.
Price your Streamwood IL home as aggressively as you can and it will command a higher sales price than languishing on the market 'hoping' for that higher number.
Looking for an agent that's really a market expert? Let's get your Streamwood IL home on the market and priced right to sell!
Market Dynamics
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