Pricing Your Home To Sell
Your Strategic Sales Plan
- Consult with an Expert, local real estate agent to ensure your house is priced competitively and well- staged. Why? Because while there are always three factors to getting a home sold- location, price, and condition- only two are under your control: price and condition. Of the two, which is more significant?
- Act fast. you're in a race against time- the best price you'll get in today's market is the one you get ow. If you wait, it will be lower. And every month the price on your home decreases, your costs remain the same. For example, Keller Williams research shows that sellers who listed their home at the price the agent originally recommended, sold the home 38 days faster. This is over a month of mortgage and tax payments! For a home that cost $200,000 at the time of purchase , with 20 percent down and an interest rate of 6.5 percent, selling a month sooner results in a savings of $1101.31 for the mortgage alone, not including the taxes and insurance that the homeowner would be paying during this time.
- Don't worry about where the market has been, keep your focus on where it is going. The price your neighbor down the street got six months ago is not relevant in a market where your house is competing with others from all across town. Again, a local real estate agent will have the kind of long-term, wide-ranging data that will help you decide how to pinpoint your price.