Home Pricing Strategies

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So there is a big buyer demand now so inventory
is low however when you get ready to price your property to sell make sure that you price
is right is the key in getting the highest amount of offers. Find out more stay tuned.
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. Thank you for wathching please dont forget to subscribe And if you have any other questions feel free to click the links below Again is Elias with Empire Fine Homes thank you


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