NATURALLY, EVERYONE WANTS TO GET THE BEST PRICE POSSIBLE FOR THE SALE OF THEIR HOME. But if you start out with a high sales price, then have to drop it later -- your house becomes "old news". It will be difficult to recapture that new-to-market frenzy of initial interest you might have had with a more realistic price. As a result, your house could take longer to sell. Much longer.

As a home owner you are rightly concerned that someone might set the price too low "just to make a quick sale."  The good news is that with the internet and all the technology out there today a good Realtor will be able to quickly show you everything that has 

sold in your neighborhood over the past year, month or week. The price per square foot you set for your home needs to be very close to average for your neighborhood or you run the risk of over or under pricing your home.

IF YOU ARE ABLE TO GET AN OFFER at an above market price from a naive buyer, remember that most buyers will need to get a mortgage. The mortgage lender will require an appraisal and if comparable home sales over the last six months, and current market conditions don't support your sales price, then your buyer won't get the mortage. Your deal can fall apart. By then, it's often too late to renegotiate a price. Your house will have to go back on the market. From this point forward everyone that puts in an offer will be asking what happened the first time around.

IF YOU'RE HOME HAS BEEN TAKEN OFF THE MARKET and come back on, or if it sits on the market too long, it becomes harder to get an offer.  Statistics have shown time and again that the longer a home is on  the market the lower the price it sells for. Prospective buyers will believe that you are under pressure to sell quickly and, as a consequence, will make lower offers. The key here is to seize the market with an aggressive but fair starting price. 

The best way to establish your selling price is to get an assessment made in advance and then, with this information, take advantage of your agent's experience to establish the right price. An experienced agent will be able to guide you through showcasing the things that make your home special. In the long run this almost always works better than trying to force a high price.

3 Ways we can help you value your home:

A free 26 point home inspection - highlighting what you can do to easily increase your homes value (this is a written report that we will leave with you once we are finished)

Provide the most recent sales data in your neighborhood (via email)

Visit your home and give you an in depth opinion of pricing

Please complete the form below to have us perform any of the above for your property's value. The information you provide below will be kept confidential and will not be used for any other purpose.