Selling Your House?  Price It To Sell!

How to decide on a price for your home?  There are some common sense answers:

Look at other homes in the neighborhood and check what they have sold for.

Compare homes with similar features as yours: number of bedrooms, baths, square footage, updating.

Compare location:  is your home on a busy street? Back up to commercial property? On a corner?

Be aware of curb appeal--that first impression is so important.

There is a large amount of inventory on the market.  Buyers want to see everything out there to be sure they are getting the best deal.  Before you price your home, have your Realtor take you out and show you the competition. Look objectively as if you were the buyer.  Remember, buyers aren't just looking at your house--they are looking at all the houses for sale in the location they want.  Honestly compare yours to what else is on the market nearby and then price it.  You want the buyer to walk in and say, 'this house is a great deal and I"m willing to pay the asking price'.  You will get the price you wanted up front, you won't have to endure weeks of keeping the house spotless and tidy for constant showings, and the buyer will feel he/she got a good house at a great price. 

It's a different marketplace now than it was three years ago--be aware of the situation and prepare your house to show well.  It will pay off when you get an offer!

For a complimentary consultation on the market conditions in your neighborhood, contact me at mary.hutchison@prukc.com