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PRICE STRATEGY FOR SELLING YOUR HOME

Friday, September 1, 2023   /   by Lance Kelehan

PRICE STRATEGY FOR SELLING YOUR HOME

When it comes to selling your home, pricing it correctly is essential. Setting the right price can help attract more potential buyers, increase the likelihood of a quick sale, and ensure that you receive a fair price for your home. Here are some tips for pricing your home to sell:


  1. Research your local market: Before you start setting a price for your home, it's important to research your local real estate market. Look at recent sales of similar homes in your area to get an idea of what buyers are willing to pay. You can also consult with a real estate agent to get a professional opinion on the current market conditions.

  2. Consider your home's features and condition: When setting a price for your home, it's important to consider its features and condition. Homes with more desirable features, such as a modern kitchen or a backyard pool, may be able to command a higher price than homes without these features. Similarly, homes in good condition may be able to sell for more than homes that require extensive repairs.

  3. Don't overprice: While you may be tempted to set a high price for your home in the hopes of receiving a large offer, overpricing can actually hurt your chances of making a sale. Overpriced homes often sit on the market for longer periods of time, which can make potential buyers think that there's something wrong with the home.

  4. Be willing to negotiate: Keep in mind that setting an asking price doesn't necessarily mean that's the price you'll get. It's common for buyers to make an offer that's lower than the asking price, so be prepared to negotiate. It's also a good idea to leave some room for negotiation when setting your initial asking price.

  5. Consult with a real estate agent: Real estate agents have experience pricing homes and can provide valuable guidance on how to set an appropriate listing price. They can also help you understand how your home's features and condition may impact its value.

  6. Monitor the market: Even after you've set a price for your home, it's important to monitor the market and be willing to adjust your price if necessary. If your home isn't receiving many offers or if similar homes in your area are selling for less, it may be time to reevaluate your pricing strategy.


Pricing your home to sell requires careful consideration of a variety of factors, including your home's features, condition, and local market conditions. By doing your research, working with a real estate agent, and being willing to adjust your pricing strategy as needed, you can set an appropriate listing price that will attract buyers and help you make a successful sale.

 

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Keller Williams Realty Acadiana
100 Asma Blvd. suite 100
Lafayette, LA 70508
337-735-9300

Provided Courtesy Of RealtorĀ® Association of Acadiana. The data relating to real estate for sale on this web site comes in part from the IDX Program of the RealtorĀ® Association of Acadiana' MLS. Information Deemed Reliable But Not Guaranteed. IDX information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. Data last updated:June 20, 2024
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