When buyers search for homes online, they typically type in a few criteria such as the required number of bedrooms and bathrooms.
The resulting search results are invariably grouped in price brackets, often displayed in $10,000 or $25,000 increments.
What's crucial to understand here is that these brackets drive what buyers actually see.
If your home is priced out of its optimal price bracket, the optimum potential buyer could miss your home among hundreds of others that may be larger, newer and have more features and amenities in comparison to yours.
Bottom line: By pricing your home in the next price bracket it could be eliminated without ever being seen by the right buyer.
These simple facts certainly account for thousands upon thousands of disappointed sellers, baffled as to why their superbly appointed, well located property seems to be attracting little, if any, interest and has consequently been on the market for much longer than envisaged, holding up all kinds of plans.
So what's the best way of approaching the pricing conundrum? If we're getting down to essentials, you should be aiming to achieve the most money in the shortest time frame. In short, it's completely necessary to be realistic.
Of course knowing exactly what these two absolutely key parameters are is something that most sellers need a good deal of advice about.
This is where the team at Everest Peak Realty can really assist you. Our deep experience in and knowledge of the Albuquerque Area homes market gives us terrific insight, together with extensive daily monitoring of price and trend movements.
As the housing recovery continues, and values increase, it would be fair to say that setting the right asking price is a real challenge. Don't risk the aforementioned consequences of getting it wrong. Call us today for an informal discussion concerning the correct price bracket for your home.
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