How to successfully price your home to sell

So you are thinking about selling your home. You probably already have an idea in your head of what you think your home is worth. You meet with a couple different Realtors to get their feel for your home and what they think you may be able to sell it for. Here are a few things to remember when coming up with a price to list your home for.

Current market conditions: Listing your home for a higher price than it will most likely sell for and agreeing to lower the price in a couple of weeks does you or those first buyers through your home no good. All you are doing is turning off those first buyers through the home. Research shows that those buyers are typically the ones to purchase your home, if it is priced accordingly.

Upgrades/Updating: Yes you have stainless steel appliances and granite counters in your kitchen and your neighbors home that is for sale has formica counters and white appliances. Your stainless steel appliances and granite counters may help your home to sell quicker but they most likely will not add a signifigant value to it, and remember if you have over upgraded your home for the neighborhood, it does not mean your house will sell for signifigantly more it will just help it sell quicker.

Consider your timeline for selling: If you need to make a quick sale or just simply dislike having to vacate your home on short notice for a showing you may want to price your home agressively so you have less time on the market.

Current Inventory: If you have high inventory in your neighborhood (meaning a lot of home for sale) you may want to price a little agressively to make your home stand out to buyers who may be overwhelmed by their selection in that current location.

Remember your home is most marketable and attractive to buyers when it first hits the market, so make sure that you have it priced well and in good condition to show and you will help yourself to have a quick sale!

For more information on what your home is worth or current market conditions in your neighborhood, visit www.coloradosuccessteam.com or email us. We will be happy to answer any questions for you or do a free no obligation market analysis on your home.