Setting the right price: how to price your home to sell
Blog Introduction: Pricing your home to sell can be tricky. On the one hand, you want to make sure that you get the most money possible for your home. On the other hand, you don't want to price it so high that no one even bothers to look at it. So how do you find that happy medium?
The answer is simple: you need to do your research. Fortunately, there are a number of resources available that can help you figure out what your home is worth. Sites like Zillow, Redfin, and Trulia all have tools that can help you estimate your home's value. In addition, your real estate agent will likely have a good idea of what comparable homes in your area have sold for recently.
Once you have a general idea of what your home is worth, it's time to start coming up with a list price. A good rule of thumb is to start at the low end of your estimation range and then go up from there if you need to. For example, if Zillow says your home is worth $300,000 and Redfin says it's worth $325,000, then you would probably want to start with a list price of $300,000.
From there, it's a matter of evaluating the market and making adjustments accordingly. If there aren't many homes on the market in your area and demand is high, then you may be able to get away with pricing your home on the higher end of its estimated value range. However, if there are tons of homes on the market and demand is low, then you may need to adjust your asking price downwards in order to attract buyers.
Pricing your home correctly is critical if you want to sell it quickly and for the most money possible. Fortunately, there are a number of resources available that can help you estimates your home's value. Once you have a general idea of what your home is worth, start with a list price at the low end of that range and then adjust as needed based on market conditions. With a little bit of research and strategic pricing, you'll be able to sell your home in no time!