Pricing Your Home Right

July 30th, 2012 · No Comments

If you’re looking to sell your home, setting the right price is probably something that you’ve thought a lot about.  Of course, a good real estate agent will be able to help you with this (which is one reason you should call us!), but here are a few other tips while you consider the best price for your home.  First of all, although it is important to know your competition, remember that current listings haven’t sold.  Your best bet for learning about successful pricing strategies is to check out recent past sales in your area and in homes similar to yours.  Sellers that aren’t in a rush to sell their homes often price higher than sellers who are looking to sell quickly.  Pricing high is not smart, especially in today’s market.  Sellers who price high often have to slash their price in a few weeks or months when their homes have sat with little to no interest.  This strategy leaves sellers chasing the market, which is never good.  Price your home right from the get-go.  Pricing your home low may even work out in your favor, if a bidding war ensues.  Again, consult your agent!  Finally, detaching yourself from your home emotionally will help you.  Think like a buyer, and talk with your agent about trends in the market.  Ask what buyers are looking for and consider your home.  All buyers are likely to find something wrong with your home, but the right price can compel them to overlook the downside and make an offer!

Thinking of buying or selling a home in Sussex County?  Give us a call at Cooper Realty Associates and put us to work for you – 302-644-2266.

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Tags: Seller Tips

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