1. Be educated. Study the homes that have sold in the past 6 months to a year in your neighborhood. It's important to remember that you are competing for a sale not only in Greyhawk but Flying Horse, Northgate and all the surrounding areas. Most of the time, buyers are looking in a specific price range in a certain school district or general area. Price your house to be competitive with all the surrounding neighborhood.
2. Be objective. The pink carpet in your daughter's room might be adorable to you, but when a buyer is seeing several homes they might not want to replace that when they move in. Pricing your house accordingly can help you get a sale that might otherwise go to the competition.
3. Don't price high with the plan on lowering it if it doesn't sell. Statistics show that if you price your house competitively when you list the home, you will get a better sales price then those that price high and have to lower the price several times. Not only do you end up looking desperate but people start to wonder what is "wrong" with your house if it's sitting on the market for a while.
4. Check out the market where you plan to buy. If you are planning on purchasing a home in a market that is highly competitive with prices going up, then price your home to sell quickly. Get it off the market so that you can have a better opportunity to get in at a good price in your new home. Don't squabble over a couple thousand dollars only to lose out on a good deal on the purchase.
If you have any questions on pricing your home email me at valeriemcdowell@gmail.com.
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