Hanover Park IL Homes - Pricing your home to SELL

By
Real Estate Agent with Streamwood, Elgin IL Real Estate - RE/MAX Suburban Here's the Blog Dog

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. hanover park IL homes,hanover park IL real estate, All three actually make your Hanover Park 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 Hanover Park 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.

Hanover Park 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 86%.  That is an additional 8% off the original listing price.  So homes that have sold in the Hanover Park IL area were 8% 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 $12,000
$175,000 $14,000
$200,000 $16,000
$225,000 $18,000
$250,000 $20,000

 

That is an awful lot of money for the smaller and quicker selling price ranges. Again this was proven out with Hanover Park IL Homes averaged 98 days on the market.  

Price your Hanover Park 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.

hanover park IL homes,hanover park IL real estate,

 


 

hanover park IL homes,hanover park IL real estate,

Looking for an agent that's really a market expert?  Let's get your Hanover Park IL Home on the market and priced right to sell!

 

 

Sources:  MRED MLS Jan-June 2011, MRED July 2011
Market Dynamics

 

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