Do you know the most important detail to get right when selling your home?
It’s the sales price! Setting the right price for your home is the most crucial step in the selling process, and will have a direct impact on how quickly and efficiently you are able to sell your home.
If you’re ready to sell, how can you make sure the price is right? Start by doing market research and technical analysis to identify what a realistic sales price is for your property.
- The easiest way to do this is to look at market analysis and local comparables for similar properties in the area. These trends are always changing especially in hot real estate markets, so your agent can provide and interpret the most recent data to help you make an informed decision.
Many property sellers operate under the incorrect assumption that a home that is marketed well can be sold at a price high above market range.
- Typically you will find this is not the case, as today’s home buyers are well educated about the market and know an unfair price when they see it.
So remember, the price needs to be right! With so many new tools available online, home buyers have more information than ever before when purchasing a home and can easily do their own homework to compare properties. Save yourself the headache and price your home correctly from the beginning to avoid a long and arduous sales process.