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

Matt Lippon - Broker Associate

Matt Lippon

Phone: 712.336.4967
Cell: 712.330.0604

Greg Sheeler - Real Estate Professional

Greg Sheeler

Phone: 712.336.4967
Cell: 712.330.1573

Brooke Stecker - Team Evans and Stecker

Brooke Stecker

Phone: 712.336.4967
Cell: 641.420.2172

Kymm Jones - Real Estate Professional

Kymm Jones

Phone: 712.336.4967
Cell: 712.320.6737

Amber Oberman -

Amber Oberman

Phone: 712.336.4967
Cell: 773.308.5177

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RE/MAX Lakes Realty

My local expertise, experience in other markets, combined with the power and influence of RE/MAX, enables me to help achieve all your objectives in your home purchase or sale. Call me, Lynn Thompson to discuss today's Real Estate opportunities.

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