Pricing Your Home to Sell

Pricing Your House To Sell

Pricing your home to sell can be a challenge for homeowners. Your home may be clean, painted and in good shape, but if you list it for the wrong price, you won’t get far When you’re selling a house, the price you set is a critical factor in the return you’ll receive. The experts at Atkinson Realty have the experience to adequately evaluate the condition of your home and how it compares to other sold homes in the marketplace. In real estate terms, market value is the price at which a particular house, in its current condition, will sell within the average selling time in the market.

If the price of your home is too high, here are the possible results:

• Low Final Sales Price – An overpriced home, still on the market beyond the average selling time, usually leads to a lower selling price. To sell it, you will have to reduce the price, sometimes several times. In the end, you’ll likely get less than if it had been properly priced at the start.
  
  
• Limited Buyers – Potential buyers may not view your home, because it would be out of their buying range.
  
  
• Limited Showings – Real estate agents may be reluctant to view your home or bring their clients.
  
  
• Extended Stay on the Market – When a home is on the market too long, it may be perceived as defective. Buyers may wonder, “what’s wrong”, or “why hasn’t this sold?”
  
  
• Wasted Time and Energy – For example, a buyer who gets a bank appraisal on an overpriced home will quickly determine that they’ve wasted their time because the appraisal will not support the inflated sales price.

Well-kept homes, properly priced in the beginning, always get you the fastest sale for the best price. Want to know what your house is worth? We will be delighted to assist you in pricing your house to sell. Get in touch with us today!