You are currently viewing 5 Considerations to Pricing Your Home

Price matters. It is the first thing everyone does when they start a home search.

Sure, a buyer might want certain amenities, locations, or features of a house, but if the price isn’t right, they probably won’t purchase that house. Below are 5 considerations to pricing your home.

Buyer Pool

Contrary to popular belief, you don’t always need to price high to make more money. When your home is priced too high, you lose out on an entire group of buyers, and it could sit on the market for longer than you’d hoped. Buyers are smart and do their research, so we make sure to get your house priced in the right price category for potential buyers.

Comparables

Comps matter in the real estate market. If a home close to your specs sold for a certain price not long ago, we will look hard at the sale price and use it to guide our listing price. The price gets adjusted from there depending on if you have more or fewer bedrooms, bathrooms, square footage, garage space, and yard space.

Time vs. Money

If a seller wants to unload their home quickly, we will price their home below the competition. If they want a certain amount of money from the home and are willing to wait for the right buyer, we adjust the listing price based on that. Our seller’s goals matter and the price can be adjusted to reflect that.

Renovations

Some upgrades to your home will allow your home to be listed at a higher rate. Others are just to suit your tastes. We work hard to make sure that your home gets priced accordingly based on the amenities it offers.

Price Reductions

Price reductions aren’t always bad. Decreasing your price of $1,000 – $2,000 is sometimes just enough to remind buyers of your home. It can also be enough to put it into a new range that works for someone new. A small reduction could be enough of a buzz to get your home sold.

Whatever your thoughts are about the price of your home, we’re here to help you get it sold! Our team has the experience and knowledge to handle every unique situation. We use these 5 considerations to pricing your home to ensure you get the most out of your investment! Contact us today to get started on listing your home.