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Pricing Your Home

home-slide-1Tips on Pricing:

Compare apples to apples
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If your neighbors home sold quickly make sure you understand how and why this was accomplished. What features did the home include compared to yours. What price per square foot did the home start at and sell for? Make sure you understand how your home equally compares to other available homes in your area.

The past is the past
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Don’t go back in time when it comes to pricing your home. Understanding the current prices will give you be best chance in setting the correct price for your home. Your real estate agent will understand pricing for the given market period so do trust his or her’s recommendation
Sentimental value means nothing

Getting caught up in the past memories of your time and items in the home should never play a role in what your home is priced at. Buyers will never care about your memories and will solely be focused on building their own.

The car salesman approach won’t work
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Starting high to allow room for negotiations during the selling of your home will but you at a huge disadvantage because majority of home buyers ignore overpriced homes. Dealing with unresonable sellers is never a fun experience, plus, homes that sit unsold will leave buyers wondering ‘what’s wrong with a house.’

Cost of home upgrades:

A remodeled home or even just a newly redone kitchen should increase your home’s value, but you should never price these upgrades at their actual value. Some of your upgrades could be worth more than what you paid based on what overall value it brings to your home. Your realtor will be able to offer better insight on how to calculate the best pricing on your upgrades in your home. It could be more than you paid or less.

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