06/14/2022
A common question asked āwhat should I price my home at?ā
Well, youāve got 3 options when it comes to pricing your home for the market: above, at, or slightly under market value.ā£
ā£
I know pricing it high can be tempting, but keep in mind these pros and cons for each option:ā£
ā£
Above market value:ā£
ā£
+ If you have to receive a certain amount for the homeā£
- It will take longer to sellā£
- The more days it's on the market, the more questionable it looks to prospectsā£
- The home may not appraise by the buyer's lender, back to negotiationsā£
ā£
At market value:ā£
ā£
+ No appraisal issuesā£
+ Buyers and agents will recognize a fair priceā£
+ Will appear on more relevant buyer searchesā£
ā£
Under market value:ā£
ā£
+ The home will receive high interest and a quick saleā£
+ You may get a multiple offer scenario, which may include offers higher than asking priceā£
- Risk of having to sell at a lower price than market valueā£
ā£
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 ā 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 youāre looking to list your home now or in the near future š
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