Ignite FB Tracking PixelHow to Price your Home to Attract the Best Offers - Jennifer Eberhard

How to Price your Home to Attract the Best Offers

by Jennifer Eberhard 07/11/2019

Are you unsure of how to price your home before putting it up for sale? Do not forget that the value of your home depends majorly on its appearance and amenities. Therefore, you can improve the look of your home by carrying out thorough cleaning, sprucing up the lawn, getting rid of things that take up space unnecessarily, and many other simple things. Here are some ways to ensure your home spends as little time as possible on the market:

Price your home competitively

When you choose to sell your home, one of the most important decisions is to set the appropriate price for your home. Be careful when setting a price because when the price is too high, buyers get turned off and when it is too low, you may probably sell at a loss. So, one robust and powerful method for pricing your home is to look at the prices of other homes that are in the same category as yours. When you do this, you will have a better understanding of the most appropriate listing price range to consider.

Make use of strategic price points

You should know that homebuyers tend to go for homes that have price ranges separated by an increment of five to ten thousand dollars. It is therefore essential to set your price close to these natural price points. For example, when you set the value of your home at $229,900, you will get the same number of buyer inquiries as a price of $227,900. The logic is that you would widen your prospective buyer pool if you set the cost of your home at the next lower price point which is $224, 900.

Consider value-range marketing

Value-range marketing is another result-oriented pricing strategy to consider. It involves selecting a listing price based on what you would sell for today provided a buyer gave you a check. Then, you should set a second amount that is lower, that you wouldn't reject if a buyer decides to buy your property at that price. Therefore, you can consider listing your home as "$386,000 or best offer" instead of just listing at a fixed amount of $386,000.

Hire an experienced listing agent

Hiring an experienced listing agent is an excellent idea, but you should go for an agent that is familiar with your local market and is aware of the values of homes that are similar to yours. When a listing agent has this knowledge, they will know the exact amount of your home based on your local market.

About the Author
Author

Jennifer Eberhard

Jennifer’s fun & bright positive energy shows up in everything she does. This positive energy makes accomplishing highly detailed tasks required when buying or selling a home truly enjoyable for her clients, as she partners with them on their journey to their dream Colorado home. She believes in helping guide the process with her excellent communication and negotiation skills, taking much stress off her clients.

As Colorado native, she is excited to work with those looking for their dream homes throughout Colorado. Her first-hand knowledge of the Denver metro area stretches up Hwy 85 and even follows the I-76 corridor and its unique real estate market. Interested in all people and walks of life, she enjoys learning about clients current needs, as well as their past, to help them get to their future. Wherever your Colorado dream home is, no matter if it is a condo in Denver to helping purchase acreage on the plains, or even stretching up into the front range mountains, she will be excited to assist your search.

Excellent service starts by taking the time to listen and genuinely care about people.