Pricing your home

There are several benefits of properly pricing your home.

Faster Sale:

• When your home sells faster, you save carrying costs which include mortgage payments, taxes, insurance, and maintenance.
• A quicker sale equals less inconveniences for you.  If you have moved before, you know the energy it takes to prepare for a showing: keeping the home clean, arrangements for pets, children, and altering your lifestyle.
• Today's home buyer has access to a lot of public information about your home including estimates of your home's value.  Even though it may not be accurate in most cases, it becomes the buyer's perception .
• Sellers often accept a much lower price at a much later date since that one buyer at a higher price never came, costing you more in time and carrying costs.

More inquiries from realtors and potential buyers:

• When realtors are excited about a home and its price, they make a special effort to contact all of their potential buyers that meet the criteria of your home. Realtors will know that it is priced properly for the market expecting it to sell soon and encourage their potential buyers to act quickly.  Their excitement level can become contagious!

Better response from advertising and sign calls.

• Ad calls and sign calls to Realtors or by owners easily turn into showings when price is not a deterrent. The more showings the more likely your home is to sell fast and for market value.
• Remember that home buyers today are well informed of home values and a serious buyer will not waste the time on a home they perceive or consider to be overpriced.

Higher offers allowing the seller to net more money:

• When a home is priced right, buyers often fear that they may lose out on a good home.
• When priced right you are less likely to receive low ball offers.
• In certain cases if you are priced too aggressively, it can create a multiple offer situation which may yield a higher net sale price.

Overall properly pricing your home is important because it can greatly affect the success of the sale. If your home is overpriced, it may sit on the market for a long time and potential buyers may not even consider it. This can lead to a longer and more stressful selling process, and potentially not getting the best price for your home. On the other hand, if your home is priced too low, you may not be getting the full value for your home and may end up leaving money on the table.

Additionally, pricing your home correctly can also impact the level of interest from buyers. If your home is priced competitively, it will likely attract more potential buyers, which can lead to multiple offers and a faster sale.

Properly pricing your home also helps to ensure that you are not leaving money on the table, and that you are getting the best return on your investment. It also helps to ensure that buyers are getting a fair deal, which can help to build trust and goodwill between both parties.

Overall, properly pricing your home is essential to the success of the sale, and can help to ensure that you get the best return on your investment. It's important to work with a real estate agent who can help you to determine the best price for your home based on market conditions and comparable sales.