Pricing Your Home to Sell

Pricing your home is one of the most important items when choosing to sell your home and doing this wrong can be a costly mistake. You have to consider more than just the price to do this properly. The condition of your home, average market time for your area, availability for showings and the competing homes can all play a big role in choosing the proper price.

To accurately determine the right price for your home you need to find current prices for comparable homes in your area, as well as find recent comparable sales in your area, and know the demand for housing in your area.

Here are some helpful steps to help you select the appropriate price when selling your home:

Step #1: Measure Your Home

Measure your home against similar homes in your area that have recently been sold or currently are for sale.

Step#2: Compare Features

Find what features either make your home stand out against the comparable homes or maybe appear not as attractive. Items such as square footage, number of bedrooms, number of garage spaces and lot size can make a big difference. Buyers will be comparing your home to these others, so it's a good idea to do so yourself.

Step#3: Cosmetic Fix-Up's

Determine what cosmetic fix-ups you can complete to make your home more appealing than the competition but without spending too much. You don't want to invest money you will not recoup when you sell your home. This will highly increase the marketability of your home.

When Pricing Remember:

The right price is usually within 5% of the market value. If you select a price that is too high the home will have little interest and few showings. If the price is too low there will be many buyers and you will miss out on potential profit.

Selling Your Home: Presentation is Everything

In today's more challenging real estate market, selling your home becomes even more of a challenge.  With more and more homes on the market, how you present your home is key.

Uncluttered homes; spacious, clean and organized; bright and open is the desired look these days. Homebuyers are looking for a home to grow into not grow out of. So it is imperative that one make good use of the space they have in their home to prove to potential buyers that they can feel comfortable in your home, regardless of the square footage.

First, give a thorough inspection to the interior and exterior of your home, carefully going over every detail. If necessary, enlist the aid of a professional home inspector who can help you inspect your home, looking for any necessary repairs and maintenance issues. It is vital that you clear up any of these problems regarding the safety of your home before you even consider putting your home on the market for sale.

Presenting your home in a manner that will make buyers imagine living in your home is a step in the right direction to a quicker and more profitable sale.

If you want to know more about what you need to do to make your home more presentable to buyers, give us a call or drop us an email.  We'll be happy to help in any way we can.

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