Thursday, April 18, 2019 / by Andy Mandel
2019 has brought with it a shifting market. We’re seeing sales decline and inventory increase, so pricing your home effectively is more important than ever. To help you sell your home quickly and for top dollar, today we’ll be detailing the three pricing strategies you can use in your sale:
1. Price above the competition. If buyers come to take a look, even if they like your home, they’ll likely search for something that’s a better value before making an offer on yours. We don’t recommend this option.
2. Price at market value. You can look at comparable homes and price yours to match similar ones. You’ll see a lot more buyers who are interested, and you’ll most likely get one or two offers on your home.
3. Price slightly below market value. This creates a bidding war and a buyer frenzy. When buyers see a home that’s priced well, they’ll want to get in and make an offer. By creating this demand for your property, you’ll end up selling for above list price and have many more options to choose from when it comes to buyer qualifications.
If you want to buy or sell your home, have any questions, or need more information, feel free to reach out to me. I look forward to hearing from you soon.