Should I price my property higher than what I’m really hoping to get for it?
It really depends on the current market that you’re in, but there are two ways to price a property. You can price it a little bit high and test the market to see what the buyer response is, and hopefully get offers after you have some showings. If you don’t, you can adjust your price and bring that down. The other option is pricing your home correctly and hopefully creating that sense of urgency and getting more than one buyer interested. This leads to giving you the best price and terms that you’re looking to get.
As the market is starting to shift here, we’re still seeing people start their prices just a little bit higher. I think they’re used to hearing that their friends and family were able to get so much for their home over the last year or so, but the market is changing. We’re starting to see more inventory come on the market, with more price reductions. So I tend to recommend to my clients to price it correctly and hopefully get more than one offer with cleaner terms.
How do you price your property correctly so it doesn’t sit on the market too long? Laura Flood explains her process of finding an aggressive list price, while also making sure you get what your house is worth. Click here to watch our Real View of Real Estate series:https://youtube.com/playlist?list=PLi… If you want to schedule a confidential call with Laura, reach out to us on our socials (@laurasrealestategroup) or visit our website, LaurasRealEstateGroup.com to get started.
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