Top Tips to Pricing Your Home Right

We have been seeing positive strides in the housing market this year. Interest rates continue to be at impressive lows, though they continue to rise and lower here and there. Nationally, prices have increased over the last twelve months, and it’s not surprising to see more and more serious sellers placing their homes on the market.

Pricing a home for sale is another story. It’s one thing to decide to list your house and another thing to feel confident in your listing price. You wonder if you are charging too much and if it sells quickly, you worry that you could have netting more for your house.

Wathen Realty Group Can Help

We use comps, comparable homes in the neighborhood that have sold or are for sale, to help you determine your listing price. In fact, it is considered the best tool in determining your home’s value. It compares age, square footage, and lot size to give you a true feel for what you will be able to sell your home for.

Resist the Urge to Over-Price

There are two reasons not to over-price your home. It won’t sell, as buyers and their agents are aware of what other homes similar to yours has sold for (see tip above). Secondly, when you have to lower the price down the line because it has been over-priced, it will look like there is something wrong with your house. It will only hurt you.

Put Yourself In the Buyer’s Shoes

Imagine that you are the buyer. Are you willing to pay more than the home is worth? If the listing price is considerable higher than similar homes in the area, would you be willing to pay more for the house? With this in mind you will be in a better position to price your home for sale.

We would be happy to prepare a comparable market analysis for your home, which you can use as one of the most important tools in determining your homes worth. Contact us, and we can talk further about this.