Secrets Behind Pricing Your Home

Properly pricing your home can help to ensure the most profit.

When it comes to the real estate market, price is king. While sellers want to price their home as high as possible to make the most profit, buyers are always looking for a deal. Unfortunately, pricing your home right can be much more difficult than you think. Keep these tips when pricing your home in mind to help it sell as fast as possible.

  • Look at past sales – study homes that have recently sold in your area as well as areas that are similar to yours. Keep in mind that you will never find an identical home to compare yours to. Figuring out what similar houses have sold for will help you figure out where your listing price should be.
  • Avoid active sales – when looking for recently sold houses in your area, make sure that you do not confuse them with active sales. Active listings are your competition. While you should know how much your competition is selling for, active sales will not be as helpful as already sold homes.
  • Don’t base the price on time – if you are not in a rush to sell your home, you may think that you can overprice your house to wait for the perfect buyer. However, overpricing your home will cause your home to simply sit on the market, costing you big bucks.
  • Think like a buyer – talk with your agent to figure out what the current buyer trends are. Knowing what buyers are looking for will help you settle on the best listing price. The more sought-after features your house has, the higher you can list it.

For all of your real estate needs when deciding what price to list your house at, contact professional Realtor Cary Amo in Lafayette, California.

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