How To Price Your Home To Sell Quickly
The first step and likely the most important concerning the sell of
your home is the price tag: how much is my house worth?
Your home's value and asking price is pertinent in relation to the
time period it will be on the market and the time you receive an
offer. The value of your home is most determined via a
comparative market analyses. Receive a
Fast Free Home Value Report
today.
Pricing Your Home Too High
Most home sellers like to think that pricing their home above what other homes are listing for in their neighborhood is okay. Their mentality is that they could always lower the price later or generate an offer from a homebuyer that is less than what they are asking. This is far from the truth. This strategy is a long shot to say the least. Here's why, homebuyers carouse the neighborhood calling all the for sale signs and collect the asking prices. When they get to yours, they wonder why your home is 10-15K above other similar homes. Even though the homebuyers may prefer your home over the others, they instead move on to the next home because they think you're not motivated to sell and most likely will be difficult to negotiate to a reasonable sale's price.
Also, homebuyers are most exciting about your home the first 21 days on the market. After all, it's fresh on the market and they have first shot at it. Your home has the most activity and interest these three weeks. You need to be priced right to take advantage of it. Once you've received your Fast Free Home Value Report, you can easily and quickly review every home currently listed in your subdivision.
Pricing Your Home Too Low
On the other hand, you don't have to worry about pricing your home too low because buyers will see your home's value compared to your asking price as a deal. This could and usually does lead to multiple offers. This creates a bidding war all because they know your home's value is worth more than your asking. Just keep in mind that depending on how fast you want your home to sell, price your home according to other homes in the subdivision. There are usually three ranges. You can view the ranges for your subdivision by getting your Fast Free Home Value Report today.
Pricing Your Home Just Right
After receiving your Fast Free Home Value Report you should first view your competition. These are called Actives and are currently for sale in your neighborhood. In every neighborhood, there are usually three ranges in which homes are priced (high, middle and low). You might want to drive by these homes and look at the condition in comparison to your home. Note: homes priced in the high range with a condition below par will sit on the market for an extended period of time. Once you've compared your home to the others you should now have a good idea as to what range your home falls within.
Next, looking at your Fast Free Home Value Report you should view the expired home listings. These are homes that buyers said no to. If you look closely, you will probably notice that their asking price was over what their home was worth. Meaning that they listed their home's sale price in the high range and should have listed in the middle or low range. Buyers most likely saw their asking price didn't match up to their home's worth or value.
Lastly, and again looking at your Fast Free Home Value Report you want to view the home listings in the sold column. These are the homes that buyers have previously said yes to. Your goal is to make it to this section of the report... "SOLD". To do so, you will need to look first at the square footage of the homes that sold and compare it to your home. Next, see how many bedrooms and bathrooms they have compared to yours. You should expect your home to sell somewhere close to the other homes that are similar to your home in relations to square footage, bedrooms, bathrooms and overall condition. Pricing a home is all about supply and demand. It's part art and part science and no two agents price a home's worth the same way.
Conclusion
I have extensive knowledge and skill in regards to
pricing homes in Houston, Texas and surrounding cities. If after
receiving your
Fast Free Home Value Report, you choose to
sell your home FSBO or with a Realtor, you'll find the most important
step is pricing your home to sell and making sure the sale's price matches
what your home is worth.
If after reviewing the value report you decide to go with a Realtor,
I'd be happy to share with you
my marketing plan (magazine advertisement, 360 degree virtual
tour, direct marketing etc..) I also offer multiple listing
package options ranging from discount to full service. The
choice is yours. I feel that my clients should have a choice
concerning how involved they choose to be in the sell of their home.
Lastly, the Fast Free Home Value Report is truly free with absolutely no obligations. It would be my pleasure to send it via email asap. I thank you for visiting my site and hope that you've enjoyed the knowledge shared with you today.
Happy home selling,
Jeannie Rogers
Realtor / Consultant
Rogers United Realty
832-885-5445
www.JeannieRogers.com
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