To find out more about how The Kris Asquith Paradise Realty Team can help you get a fair price for your home, contact them at 239-300-1427 or visit www.MoveWithKris.com.
The housing market is a tricky balance between sellers and buyers. Most home owners hope to, at least, break even with the sale of their home, and some want to make a slight profit on their investment. Buyers, on the other hand, are trying to find a home that fits both their budget and the standards for their dream home.
As a home owner, it is in your best interest to price your home fairly. While you might sell your home if you list it significantly above market value, potential buyers will more than likely look elsewhere. There is a golden number that will leave you feeling good about the sale and the buyer feeling like they made a good investment.
When you are considering the listing price for your home, you have to set emotion aside and look at the value of your home. What does your home offer that is unique, desirable, or extra? The best way to price your Bonita Springs FL home fairly, is to step back and critically look at what your home offers.
Here are a few strategies to help you price your luxury home fairly:
Don’t trick your buyers
The initial listing price in your Bonita Springs FL luxury home should be a fair price. It may be tempting to raise the price above the real value so that you land closer to your target price when you are in negotiations. Keep in mind that pricing it too high may deter serious buyers, and it could mean that your home stays on the market longer, forcing you to reduce the price.
If you have to reduce the price, buyers may be concerned that there is an issue with the home. To help sell your home quicker, make sure your first price is your best price.
Consider market value
When working with The Kris Asquith Paradise Realty Team, you’ll have assistance doing a market analysis. The analysis will help you determine how to price your home based on other homes similar to yours in the same market. This analysis helps because it addresses the competition. In all likeliness, potential buyers who are looking at your home are also looking at other homes in your neighborhood or community that are similar to yours to size, location, and features. Basing your price, at least partially, on the rest of the market will ensure your Bonita Springs FL home isn’t overly priced.
Additionally, you should consider your neighborhood as a price factor. Your location will play a huge role in whether or not your home will sell easily. If you are located at the end of a quiet cul-de-sac, you may be able to ask for a little more than a home located on a busy street. Crime rates, the school system, and community features also play into your home value. The Kris Asquith Paradise Realty Team can help you factor those items into the overall value of your home.
Take an honest assessment of your home
You love your luxury home. Why wouldn't you? When you walk into your home, you subconsciously associate with pleasant memories and the comfort of a routine you’ve become accustomed to. When a buyer walks into your home, they are looking more analytically.
Look at your home as a buyer. What are some things they will have to or want to replace? Are any of the features in need of an upgrade? These are things that will add to the expense a buyer may have to put into the home to make it work for them. Additionally, make sure to pay attention to unique features that buyers are willing to pay more for: vaulted ceilings, open concept layouts, high-end kitchen, large outdoor space, quieter neighborhood near amenities, pools, extra bathrooms, etc.
Get an inspection:
Most of the time, the buyer will ask for an inspection. It won’t hurt you to be prepared in advance. Having your luxury home in Bonita Springs FL inspected will let you know if you need to consider lowering your asking price to reach a fair value.
When you are trying to sell your luxury home, there are a lot of things to consider. Luckily for you, The Kris Asquith Paradise Realty Team is qualified to help you in every step of the process. Let them find the best price for your home, so you can get the most for your property while allowing the buyer to get a fair price for their dream home.
To find out more about how The Kris Asquith Paradise Realty Team can help you get a fair price for your home, contact them at 239-300-1427 or visit www.MoveWithKris.com.
Comments(0)