How To Price My Home?

 

Smart, competitive pricing is essential. When you price too high, your home stays on the market longer, prolonging the process and increasing your expenses along the way.

Home Seller Mistake No. 1: Pricing Too High

 

“I can always lower the price later if I don't get any offers.”  That statement costs home sellers millions of dollars every year.

Yes, you can always lower your asking price, but that’s not a good strategy.

Time and time again, experience shows that sellers who list competitively from the start get a better price than sellers who list high and then go lower and lower.

Why? Psychology.

 

When you price too high, here's what buyers think:

“Wow, three price cuts in the last four months… There must be something wrong with that house.”

“With all the price cuts on this house, the sellers must be desperate. Let's offer them far below what they’re asking and see if they bite.”

Sound Pricing Strategies

A far smarter approach is to allow me to do a market analysis and then work together on setting the right price. We must avoid overpricing.

We look at the following two things when determining price mostly...


Similar homes, via a Comparative Market Analysis (CMA): We will provide a professional analysis that goes deep into stats about recent sales and current listings similar to your home in size, age, condition and features. Sales within the past six months are especially relevant.

General market conditions: Is it a seller's market or a buyer's market in your community? It's important to note that what's happening nationally may not reflect local conditions. We can explain the difference and clear up any misconceptions you may have.

Get In Touch

Local Expert Updates

Janie Eick

Cell: 712.339.0574

Will Kretsinger

Cell: 712.301.4040

Aaron Jones

Cell: 712.320.9442

Community Updates

Erpelding, Voigt & Co., L.L.P.

Erpelding, Voigt & Co., L.L.P. in Okoboji

For more than 45 years, we have been providing tax preparation, business planning, financial reporting services and personal financial planning. Founded in 1974, Erpelding, Voigt & Co., LLP has grown to encompass more than 49 professional associates and staff in five locations. As a progressive accounting firm employing the latest technologies, we have developed a reputation for professional excellence through the consistent high quality services we provide. We bring a wealth of knowledge and value to each of our clients.

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Ruthven Meat Locker

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Deli on the Ave

Deli on the Ave in Spirit Lake

Serving fresh deli sandwiches, grilled paninis, salads, sweet treats, specialty coffee and much more! Feel free to dine in and enjoy the atmosphere this unique deli provides, or order and take out. Ordering online is also an option for take-out and they also do corporate box lunches. Serving gluten free as well! You will definitely want to check out Deli on the Ave!

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