06/14/2022
A common question asked “what should I price my home at?”
Well, you’ve got 3 options when it comes to pricing your home for the market: above, at, or slightly under market value.
I know pricing it high can be tempting, but keep in mind these pros and cons for each option:
Above market value:
+ If you have to receive a certain amount for the home
- It will take longer to sell
- The more days it's on the market, the more questionable it looks to prospects
- The home may not appraise by the buyer's lender, back to negotiations
At market value:
+ No appraisal issues
+ Buyers and agents will recognize a fair price
+ Will appear on more relevant buyer searches
Under market value:
+ The home will receive high interest and a quick sale
+ You may get a multiple offer scenario, which may include offers higher than asking price
- Risk of having to sell at a lower price than market value
If you'd like to see recent stats on homes like yours, just say the word. Pretty sure you'll come to the same conclusion as I did — pricing slightly under market is the way to go! I always tell all of my clients that I price homes to sell, not sit and accrue days on market. All of my listings throughout the past years have sold at or above asking the price! Could yours be next?
Reach out if you’re looking to list your home now or in the near future 🏠
📲
📧 [email protected]
