Why You Need an Expert to Price Your Home Correctly

If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans. With homes continuing to get multiple offers, this could be your moment to get the offer you’re looking for on your house if you’re ready to sell.

You need an expert on your side to ensure you make all the right moves, especially when pricing your house. Even in this competitive market, you can’t stick just any price tag on your home and get the deal you want. A vital piece of the puzzle is setting the right asking price so you can help buyers notice your home (and get excited about it) from the first time they view the listing. That’s where a real estate professional comes in.

Why Correctly Pricing Your Home is Important

The price you set for your house sends a message to potential buyers. Price it too low, and you might raise questions about your home’s condition or lead buyers to assume something is wrong with the property. If you undervalue your house, you could leave money on the table, which decreases your future buying power.

On the other hand, if the price is too high, you risk deterring buyers. When that happens, you may have to do a price drop to re-ignite interest in your house when it sits on the market for a while. Be aware that a price drop can be seen as a red flag for some buyers who wonder why the price was reduced and what that means about the home.

In other words, think of pricing your home as a target. Your goal is to aim directly for the center – not too high, not too low, but right at market value. Pricing your house fairly based on market conditions increases the chance you’ll have more buyers interested in purchasing it. That makes it more likely you’ll see multiple offers, too. And if a bidding war happens, you’ll probably get an even higher final sale price. Plus, when homes are priced right, they tend to sell quickly.

Lean on a Professional’s Expertise

Several factors go into pricing your house, and balancing them is the key. That’s why it’s essential to lean on an expert real estate advisor when you’re ready to move. A local real estate advisor is knowledgeable about:

  • The value of homes in your neighborhood
  • The current demand for houses in today’s market
  • The condition of your house and how it affects the value

A real estate professional will balance these factors to ensure your house’s price makes the best first impression and gives you the greatest return on your investment in the end.

If you’re thinking about selling, pricing your house appropriately is essential. Connect with an agent to ensure your house is priced right for the local market, for your home’s condition, and to stand out from the competition.