I created this blog to have a place to share information, ideas, thoughts, and experiences, not necessarily just about real estate, but also life in general.

November 12, 2012

Pricing Your Home. Tip #2

Tips On Selling Your Home #2 - PricingPricing Your Home.

Now that you’ve established the reason why you want to sell your home on Tips On Selling Your Home #1 ; decided on a time frame; and determined how much you want or need to accomplish your plan to move, you are ready for Phase #2.

Setting a reasonable initial asking price on your home will determine how much interest you’ll get from potential buyers and the other real estate agents. It’s good to remember that homes that are priced higher than their market value typically take longer to sell. The longer your property sits on the market, the lesser it will attract interest. You don’t want to have to drop your price to compete with newer and reasonably priced listings.

Consider condition of your home: it may need a fresh coat of paint; the carpet cleaned; the yard spruced up; and so on. A move-in property condition will typically bring in a better, and in most cases, a higher price. Improve Your Home's Appeal.

Obtain a list of the most current properties that sold on the multiple listing service (MLS) in the past 3-6 months. Know the properties currently on the market in your neighborhood and how long these homes have been sitting on the market. It’s always good to know what the competition is like.
A real estate agent’s expertise and unbiased opinion is invaluable at this point. They can give an insight on the market activity in your area. Recommend marketing strategies and suggestions on how to prepare your home before it goes on the market.

Two important and crucial factors in selling your home are pricing and preparing it to showcase its best features. Make the buyers fall in love with your home the moment they walk up to your front door.

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