How Pricing Your Home Right Makes A Big Difference How Pricing Your Home Right Makes A Big Differenc

Dated: 02/11/2020

Views: 2

How Pricing Your Home Right Makes a Big Difference

How Pricing Your Home Right Makes a Big Difference | MyKCM

Even though there’s a big buyer demand for homes in today’s low inventory market, it doesn’t mean you should price your home as high as the sky when you’re ready to sell. Here’s why making sure you price it right is key to driving the best price for the sale.

If you’ve ever watched the show “The Price Is Right,” you know the only way to win the game is to be the one to correctly guess the price of the item up for bid without going over. That means your guess must be just slightly under the retail price.

When it comes to pricing your home, setting it at or slightly below market value will increase the visibility of your listing and drive more buyers your way. This strategy actually increases the number of buyers who will see your home in their search process. Why? When potential buyers look at your listing and see a great price for a fantastic home, they’re probably going to want to take a closer look. This means more buyers are going to be excited about your house and more apt 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. At the end of the day, even when inventory is tight, pricing it right – or pricing it to sell immediately – makes a big difference.

Here’s the other thing: 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 these homes when in reality, nothing was wrong, the initial prices were just too high.


Image title


Bottom Line

If you’re thinking about selling your home this year, let’s get together so you have a professional on your side to help you properly price your home and maximize demand from the start.

Blog author image

Harry Patel

As an experienced Realtor, I am ready to assist you with all of your real estate needs. My approach is customized for each client; my solutions are never one-size-fits-all! Please view this website a....

Want to Advertise on this Site?

Latest Blog Posts

The Overlooked Financial Advantages Of Homeownership

The Overlooked Financial Advantages of HomeownershipThere are many clear financial benefits to owning a home: increasing equity, building net worth, growing appreciation, and more. If you’re a

Read More

Dryer Maintenance

Dryer MaintenanceWhat ?Dryers require regular simple maintenance to keep working safely & efficiently.WhyTo avoid potential fire hazards and having to do costly repairs to your appliances.Why ?To

Read More

Should You Buy Mortgage Protection Insurance

Should You Buy Mortgage Protection Insurance?You can always expect a pitch for mortgage protection insurance as soon as you take out a mortgage. There are several forms of this type of insurance,

Read More

6 Myths About Flood Insurance

6 Myths About Flood InsuranceWhether or not insurance will cover flood damage depends on how much water damage there is, your home’s value, and if you have a policy with flood insurance. Standard

Read More