When it comes to pricing your home, make sure to price it carefully. Too high and you could miss out on potential buyers. Too low and you can easily undervalue your home. So what's the happy medium? Do you start with a higher list price to start so that you have wiggle room? What's the best solution? Should Your Homes First List Price Be The Best Price? Here are a few tips...
Listen To A Professional
A real estate agent will be one of the best resources to turn to when you are looking to put your home on the market. Our goal is to get you the best possible price, in the shortest amount of time, under the best terms. Pricing your home appropriately from the beginning will be a critical step in making sure it is sold quickly and efficiently. The longer it sits on the market, the more its value is decreased, and it will sit there longer if it isn’t priced appropriately.
What is the local market like?
You can learn a lot about what to expect when selling your home by the local mark statistics. You can see how long the average days a home stays on the market and what the average selling price is. This will help you determine what you should list your home for and how long to expect your home to be on the market. These are all helpful factors in this decision making process.
Know What Your Home Is Worth
When talking with a real estate agent, make sure to listen to their advice. We can't predict the future, but we can help you set yourself up for selling success. If you don't like the prices a real estate agent is giving you, ask for a second opinion. If you get the same numbers from two different agents, it might be time for a reality check. It's important to know what your home is really worth in today's market, not what you think it should be worth. Sometimes you can help increase or support that value of your home by completing small home improvement projects around the house. In some cases it could be as simple as landscaping or giving your home a deep, deep clean.
It’s not about whether or not your home’s first price is the highest price, it just needs to be the best and most appropriate for your situation. Ultimately, it comes down to you preparing to sell your listed home quickly and efficiently. For more information about if your home’s first price should be its best price, contact me. I am happy to give you my professional opinion!