12 Step Guide to Getting Your Home SOLD!
Welcome back, Savvy Home Sellers!
Last time, in Step 1 of my 12 Step Guide for Getting Your Home SOLD, we discussed finding a good agent who will help you sell your home, not keep it! We talked about why it is important to use a good listing agent who provides home buyer and home seller education, is active in the local market, and advertises several places on the Internet; we also discussed how to get started with finding a listing agent, and questions to ask when interviewing listing agent candidates.
Step 2: Pricing Your Home to Sell: At What Price Are We Going to List Your Home that will Cause it to Sell?
Step 2 of this 12 Step Guide to Getting Your Home SOLD is all about pricing your home. Today, in Part A of Step 2, you will learn about the factors that affect the selling price of your home.
Part A: Factors that Affect the Price of Your Home
One of the biggest mistakes you can make when selling your home is incorrectly pricing it. Overpricing your home for sale will cost you both time and money. A home's asking price is determined by several things, including your home's location, the current housing market, home improvements and the condition of your home, competing home prices, and comparable sales prices of other homes.
Active listings, or current homes for sale, are your competitors because buyers will look at those homes and compare them to yours. Comparable sales prices of other homes are important because they show what buyers are willing to pay in today's market for homes similar to yours.
Determining an appropriate price for your home may seem challenging, but understanding what things affect your home's asking price will help you successfully choose a price for your home that reflects the current housing market and will get it sold quickly, and for the highest rate of return for you.
Next time, in Part B of Step 2, you'll learn all about a Realtor's services to help you price and prepare your home to look good for showings. Stick around for it!
Until Next Time,
Ana Spradling, Your Realtor with Real Results
When you work with me as your listing agent, I will put my knowledge of the local market to work for you. I understand how to price your home so that it will attract serious buyers, and so that it will sell quickly and at the highest rate of return for you. Find out how much your home is worth. Learn about my marketing plan to get your home sold; request a free in-home presentation now! For more information about my services to home sellers or about selling your home, contact me at (913) 954-7123 or at ASpradling@ReeceAndNichols.com
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