Latest NewsWhy You Need an Expert To Determine 'the Right Price' for Your HomeWednesday, 29 June 2022

 

If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s market might be just the answer for your plans. With homes continuing to get multiple offers, this could be your moment to get the contract you’re looking for on your house if you’re ready to sell.

And here’s the thing – you need an expert on your side to ensure you make all the right moves when you do, especially when it comes to pricing your house. Even in this challenging market, you can’t stick just any price tag on your home and get the deal you want. A key piece of the puzzle is setting the right asking price so you can help buyers notice your home (and get excited about it) from the very first time they view the listing.  That’s where a real estate professional like Max Walls comes in.

 

Why Pricing Your House Right Is Important
The price you set for your house sends a message to potential buyers. Price it too low and you might raise questions about your home’s condition or lead buyers to assume something is wrong with the property. Not to mention, if you undervalue your house, you could leave money on the table which decreases your future buying power.

On the other hand, price it too high, and you run the risk of deterring buyers. When that happens, you may have to do a price drop to try to re-ignite interest in your house when it sits on the market for a while. But be aware that a price drop can be seen as a red flag for some buyers who will wonder why the price was reduced and what that means about the home.

In other words, think of pricing your home as a target. Your goal is to aim directly for the centre – not too high, not too low, but right at market value. Pricing your house fairly, based on market conditions, increases the chance you’ll have more buyers who are interested in purchasing it. That makes it more likely you’ll see multiple offers, too. And if a bidding war happens, you’ll likely get an even higher final sale price. Plus, when homes are priced right, they tend to sell quickly.


Lean on a Professional’s Expertise
There are several factors that go into pricing your house, and balancing them is the key.  That’s why it’s important to lean on a Real Estate expert when you’re ready to move. With more than 63 years in the Real Estate business, the Max Walls team can help you navigate your way through various factors, including:

  • The value of homes in your neighbourhood
  • The current demand for houses in today’s market
  • The condition of your house and how it affects the current value
  • The Max Walls team will balance these factors to make sure the price of your house makes the best first impression and gives you the greatest return on your investment in the end.

Bottom Line
If you’re thinking about selling, pricing your house appropriately is key. Work with a trusted real estate professional to make sure your house is priced right for the local market, your home’s condition, and to stand out from the competition.

 

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