Avoid Making A Pricing Mistake When Selling Your Home

Avoid Making A Pricing Mistake When Selling Your Home

Introduction:

As a real estate professional, I’ve encountered so many sellers making the same mistakes when it comes to pricing their property and it can be a costly mistake.

I’m going share a few with you so that you know what to avoid when you’re ready to sell.

 Ok so the first common mistake sellers make when pricing their home is overpricing. This is the biggest mistake sellers make- thinking that their property is worth more than it actually is. Overpricing is usually due to an emotional attachment or a lack of market knowledge and overpricing your property can lead to long periods on the market, lower offers, and missed opportunities to sell.

Another is ignoring the market conditions. Real estate markets are constantly changing. That is why it is so important to know what is happening locally in your area by doing your own research or asking a trusted and experienced realtor that’s informed on the current market trends.

I also see sellers not considering their competition. Take a look at what surrounding properties in your neighborhood are selling for. Be sure to look at the condition, upgrades, age, lot size, views and other factors that affect the market value. This will give you a good idea of what buyers are willing to pay for a property like yours.

Another mistake is not factoring necessary repairs or upgrades your property needs- it’s important to factor that into your asking price because buyers will expect a lower price if they know they’ll have to make repairs after they move in.

Bottom line, the key to successful pricing is to be well informed of your market area and conditions and understand the competition to avoid these costly mistakes.

Once you connect with me, I can give you a complete analysis of the market and your current home value, so message me!