How to Set Your Asking Price When Selling Your Home

Anonymous
Wednesday, December 4, 2019
How to Set Your Asking Price When Selling Your Home

How to Set Your Asking Price When Selling Your Home


Scottsdale - When you decide to sell your home, setting to price your home is one of the most important decisions
you will ever make.
Depending on how a buyer is made aware of your home, price is often the first thing he or she sees, and many
homes are discarded by prospective buyers as not being in the appropriate price range before they're even given a
chance of showing.
To price your home to sell is often your home's "first impression", and if you want to realize the most money you
can for your home, it"s imperative that you make a good first impression.
This is not as easy as it sounds, and pricing strategy should not be taken lightly. Pricing too high can be as costly to
a homeseller as pricing too low. Taking a look at what homes in your neighborhood have sold for is only a small part of
the process, and on its own is not nearly enough to help you make the best decision.
We will make you understand some important factors about pricing strategy to help you not only sell your home, but
also how to price your home for sale by owner.
There are 4 common strategies that most sellers use to price your home. It is unwise to assume that a higher
asking price will net you a higher selling price.
In fact, often this equation works in reverse if you’re not paying attention to what the market is telling you. Bear this
research in mind when you set to price your home to sell.
To begin with, here are 2 of the 4 strategies of how to price your home that you should know about right now.

1. Somewhat Overpriced:
About 3/4 of the homes on the market are 5-10% overpriced. These homes will also sit on the market longer than
you want. There is usually one of two factors at play here: either you believe in your heart that your home is really worth
this much despite what the market has indicated (after all, there’s a lot of emotion caught up in this issue), OR you’ve
left some room for negotiating. Either way, this strategy will cost you both in terms of time on the market and ultimate
price received.

2. Priced Below the Fair Market Value:
Some sellers are motivated by a quick sale. These homes attract multiple offers and sell fast - usually in a few
days - at, or above, the asking price. Be cautious that the agent suggesting this method is doing so with your best
interest in mind.

There you have it. These are just 2 out of the 4 to draw attention to this very important topic. If you wanted to view
all of the 4 strategies of how to price your home to sell, I have put together a free report entitled “Homesellers: How to
Get the Price You Want( and Need) " which explains how to price your home to sell in more detail.
You can grab a copy of this report for free by visiting http://www.toddgulinsonrealtor.com/ or you can give me a call
at 1-844-310-9514. 
Thanks a lot for reading this week’s blog and may you find a way to your new home!
Todd Guilinson
Your Home Sold Guaranteed or I’ll Buy It* - If you or anyone who know is considering on making a move, feel free to
give me a call or pass on my number! 1-844-310-9514.