Developing a Customized Pricing Strategy for Selling a Home
How To Price Your Home to Sell Quickly in 2022
Pricing your home Is both an art and science. It is critical to set a realistic and accurate value for your home. You achieve optimal price results from both objective research into comparable properties and a gut feeling about your property and the current market. The right price should attract qualified buyers, allow you to earn the most money possible, and help you sell as quickly as possible.
The Importance Of a Proper Starting Price
The simple fact is that price is always the number one factor most home buyers use to determine which homes they want to view. It is important to remember that, although you set the price, the house's value is determined by the buyer. Try to avoid allowing your enthusiasm to impact your better judgment. Overpricing is a common mistake that can cost you in the end.
Pricing a house correctly and then creating immediate urgency in agents' and buyers' minds, a significant concern is appraisal problems, leading to loan rejections and lost time. Even if your home is nicer than other homes in the same area, your house won't be picked for viewing if you set the price too high. So do not start with a high price and the assumption you can reduce later.
The Role Of A Real Estate Advisor
Your real estate agent will provide comparative market analysis of recently sold homes that are similar in terms of location, style, and amenities, along with looking at current market data. He will determine market time, financing conditions, and exposure method. Then, estimating net proceeds, advise to determine offering incentives, and setting proper expectations for the client. Your real estate advisor is in touch with the constant pulse of the real estate market. An agent has no control over the market, only the marketing plan. Never select an agent based on price alone.
Danny and his team have nearly 20 years of experience right here in the Phoenix. real estate market. His mission is to always stay one step ahead in your home selling process and to ensure that each of your questions are not just answered, but that you have a thorough understanding of how and why each move is being made.
If you're looking to sell a home in Phoenix or Scottsdale AND to get the highest price possible, reach out to Danny and his team today.
Not quite ready to sell yet? Just get your feet wet by grabbing a quick home valuation here.