Pricing Tip #2

By
Real Estate Broker/Owner with Olsen Ziegler Realty

While there have been volumes written about pricing a seller's home and while none of the pricing tips presented in these blog posts are new or earth shattering, it is important to restate the obvious.  Although real estate agents know this information intuitively, sellers don't often realize the facts and need to be informed so they don't make false assumptions and do make an informed and factual decisions.

Tip #2:  Your listing agent may recommend an initial asking price and an estimated actual sales price range for your home.  These two recommendations do NOT mean your home's worth is equal to your agent's recommendations.

Example: Your listing agent may recommend you price your home at $300,000 and hope to achieve a sales price off $275,000-$285,000.  In fact, the actual sales price may be $300,000, $275,000 or even $250,000, depending on factors outside your control and your agent's control.
 
Caveat:  If you choose to stage, re-design and/or renovate your home in order to influence how quickly your home sells and at what price, you can sometimes dramatically affect your sales price, so this pricing tip does not assume your home has been staged, re-designed and/or renovated.

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Chris Olsen

Broker Owner Cleveland Ohio Real Estate
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