THE PRICE IS RIGHT: WHAT YOU SHOULD KNOW ABOUT PRICING YOUR HOME

One of the most daunting parts of selling your home is deciding what to price it at. You don’t want to price too high and get little to no traction but you don’t want to price too low and undervalue your home. There are so many things to take into consideration, so we’ve outlined the top XXX things you should do before you list.

Enlist the help of a local expert. Local agents have years of experience in the market you are selling in, plus have a lot of industry expertise to bring to the table. They will factor in the unique offerings of your home and neighborhood and your wants and needs for the sale of the home to help you properly price.

Research homes for sale in your neighborhood. It’s always a good idea to do a little recon on homes for sale in your area. View current and past listings online to find homes that have similar features and were built around the same year as yours to get an idea of prices. Open house in your neighborhood? Take time to pop by in person and get a feel for what their home has to offer at what price.

Remove the emotion. Whether it's your first or fourth home, it is the setting of so many amazing memories and holds a special place in your heart. Unfortunately, emotional attachment to your home can cloud your judgment when pricing it. Try to place your personal feelings about your home on the back burner and focus on tangible features of your home that add great value.

Comments

4 TIPS FOR A PRODUCTIVE 2021

4 Tips for a Productive 2021 (Family Features) This year has taught many workers a thing or two about being productive when offices and homes blend into one. As the calendar turns to 2021, consider these key products and processes to stay productive next year. Find a system (and stick to it): Creating an organizing system is an easy way to ensure your at-home workspace is ready for optimal productivity. Designate space to house all your work items – a drawer, cabinet or box – and keep work items organized by type (pens, papers, computer gear, etc.) At the end of each day, transitioning to “offline hours” can be easier when you have a place to stow your work items. Start your day clean: Studies have shown cleanliness has a direct impact on productivity. Yet, many people struggle to find the time and energy to clean, especially at the end of a busy day at home. An option like The DEEBOT T8 from Ecovacs provides a hands-free cleaning experien...

UNDERSTANDING HOW POCKET LISTINGS WORK

Have you ever wondered what a “pocket listing” is? Learn a little bit about this trend in hot markets and how an agent familiar with pocket listings can help you sell your home faster or find homes which haven’t hit the market yet. If you’ve been searching for a home or have been considering selling your home, you may have heard the term “pocket listings” from real estate agents or even friends and family. What is a pocket listing? Where did the term come from? How are pocket listings being used today to buy and sell homes? Pocket listings are homes which are for sale but not yet widely advertised or entered into typical MLS databases. Often an agent will enter into an agreement to sell a home, but will first reach out to their personal and professional network to see if anyone may be interested in a quick, private purchase. Ideally, the agent knows someone or another agent who has a client interested in the home and the whole process of listing and marketing the ho...

UNDERSTANDING MULTIPLE OFFER SITUATIONS

In a seller’s market, multiple offers are not uncommon. But what does that really mean? And how should you and your agent work together to generate the most interest in a multiple offer situation? Find out more in my post… When inventory is tight and a market heats up, sellers often dream of finding themselves in a multiple offer situation. In a multiple offer situation, more than one potential buyer submits a written offer on the home. With multiple offers on a property, the listing agent can then try and “shop the top offer” in order to try and get the best deal possible for their client. If you live in a hot market, how do you structure your listing in such a way that you get the best possible offers in a multiple offer situation? One strategy for cultivating multiple offers is letting buyers know that the seller will only entertain offers on a certain date. Rather than deal with offers dribbling in one at a time, there’s a deadline for offers. When thi...

Valerie's Memories

Search This Blog