Friday, December 17, 2021 / by Flr Team
Even though there’s a big buyer demand for homes in today’s housing market, it doesn’t mean you should price your home as high as you want when you’re ready to sell. Here’s why making sure you price it right is key to getting the best price for the sale.
When it comes to pricing your home, setting it at or slightly below market value will increase the visibility of your listing and send more buyers your way. This strategy actually increases the number of buyers who will see your home in their search process. This is because when they look at your listing and see a good price for a fantastic home, they’re probably going to want to take a look at it. This means more buyers are going to be excited about your house and more inclined to make an offer.
When this happens, you’re more likely to set up a scenario with multiple offers, potential bidding wars, and the ability to drive a higher final sale price.
On the other hand, homeowners who make the mistake of overpricing their homes will eventually have to lower the prices anyway after they sit on the market for an extended period of time. This leaves buyers wondering if the price drops were caused by something wrong with the home when in reality, nothing was wrong, the initial price was just too high.
If you’re thinking of selling your home, contact our team at Florida Lifestyle Realty where our group of real estate professionals can help you properly price your home and maximize demand from the start.
Florida Lifestyle Realty