Price Your Home Appropriately

Dated: July 2 2021

Views: 649

Here are three strategies to help you price your home correctly.

Are you a homeowner who’s starting to think about selling your home? You’re probably wondering, “How should I price my home?” There are three key pricing strategies you want to consider before listing:

1. Price it low. This is a good option for those who need to sell their home quickly. In a seller’s market, pricing low will often create a bidding war among buyers.

2. Price it high. This is a good option for those with luxury homes full of amenities and features. Pricing high can mean you aren’t in a rush to sell the property or simply want to look for the right buyer who will buy at a high price. You do run the risk of buyers being uninterested in your home due to the high price. If you incrementally lower the price over time, you could end up selling below market value.

"Your motivation is key to which pricing strategy is right for you."

3. Market value. Pricing your home right at market value gives you the best chance of selling in less-than-average time and at a good price. This is the strategy that most people pick.

Choosing the wrong one could have a huge impact. If you price your house too low, you will get a flood of interested parties, which can be a positive thing. If you price your house too high, you tend to sit on the market for longer and will probably end up selling for at least 5% below market value. That means more mortgage payments and home costs.

Your motivation is key to which strategy is right for you. If you have any questions about pricing your home right, please give us a call or send us an email. We’re happy to help.

Blog author image

Kim Barber

Buyers - Whether you're looking for your first home, your dream home or an investment property, I'm committed to providing you with the highest quality buyer service. When making the type of investmen....

Latest Blog Posts

Loudoun County, VA Housing Market Sees Rising Prices and Strong Activity

The housing market in Loudoun County, VA continues to show strength and growth, with the average home value reaching $763,046 as of March 31, 2024, a 5.9% year-over-year increase. The county,

Read More

Virginia First Time Home Buyer Tips: Ultimate Guide 2024

IntroductionBuying your first home is an exciting milestone, but it can also be a daunting challenge, especially in the competitive housing market of Northern Virginia. As a first time home buyer in

Read More

Living in Ashbrook - Ashburn, VA Neighborhood (2024)

Nestled in the heart of Ashburn, VA, Ashbrook is a vibrant suburban neighborhood that has been captivating residents since 2004. With its excellent schools, convenient amenities, and prime location,

Read More

Ashburn Village - 2024 Complete Guide

Photo from: washingtonpost.comIf you are wondering about what it’s like to live in Ashburn Village, you’re in the right place. I’m Kim Barber here, your trusted real estate agent

Read More