How to Set the Right Price for Your Home
Finding the right price for your home is one of the most important aspects of selling it. Take your time to find a price that fits the home, fits your market, and leaves you feeling like you made a great decision. But how do you find this right price? Here are a few key tips that can help you get started.
Set Your Emotions Aside
Everyone knows you love your home, but remember: you are selling it. At this time it is important to set your emotions aside as much as possible. Don’t get offended when your potential buyers don’t give as much value as you do to all the memories and personal experience you’ve made in the home. Buyers are looking for a home that will fit into their lives; they won’t be carrying on your memories with them.
Setting your emotions aside goes for your agent, too. Keep in mind that when she makes suggestions and recommendations about the right price and value of your home, that it is not personal. Try not to let your heart’s price sidetrack you from what your home’s right price is.
Do Your Research
It’s important to work closely with your agent to set the right price for your home. She will be your direct connection to the market, providing you the best information regarding the pricing of the current market. She will also know inside information about your neighborhood that will help you make a more appealing listing for potential buyers.
Don’t overlook the Internet as a valuable resource as well. There are a number of sites that allow you to enter your address and information about your house and it will give you an estimate about the value of your home. You will also be able to find information about the homes in your area that are similar to yours and what they sold for. This will provide you with additional valuable information to use when you work with your agent to set a price you can live.
Multiple Offers are a Good Thing
When listing your home your goal should be to receive several offers on it. Setting your price slightly below your home’s value can help start a bidding war that will actually drive the price up to more than the value. Take the steps to de-clutter your home and stage the home in a way that shows off all of the positive features your home has to offer. Highlight everything that your home has to offer so as to make it more appealing to each buyer. You want each set of buyers to be able to see themselves living in your home. The ideal result will be buyers working harder to get your home, allowing you to get the money you want for your home.
Now that you have decided to sell your home you want to get the best possible price for it. How? By doing as much as you can to figure out what your home’s price should be. Set your emotions aside and work closely with your agent to find the right price that best suits your home and the current market.