When you put your house on the market, one of your main goals is getting the best resale value possible. But how do you know the right price to set it at? A variety of factors come into play, and carefully considering each one will help you get the highest return on your investment. By following a few real estate tips, you might attract more offers and maybe even spark a bidding war.
How to Price Your Property When Selling a House
1. Work With a Real Estate Agent
Although you have the option of selling a house on your own with the help of DIY websites, you might give up precious equity by not working with a real estate agent who is familiar with the local market. Agents understand the value of your neighborhood and what features of your home will stand out to buyers, making it easier to price your place properly.
2. Harness the Power of 99
Psychological pricing isn’t just present at the grocery store — it also works when you list your home for sale. Since buyers tend to prefer non-rounded numbers, your property might appeal to a longer list of interested house hunters if you price it at $199,000 instead of $200,000 — even though the prices are only $1,000 apart.
3. Price to Sell
Instead of listing your home for what you hope it sells for, price it for what you know it will sell for to attract more buyers. The sales price always moves through a negotiation process, and you can reject offers that are lower than you would like them to be.
Are you ready to sell your house? Talk with the professionals at EXIT Realty Homefront. Based out of Zimmerman, MN, this experienced team of real estate agents will help you with everything from choosing the appropriate price for your home to marketing your property and negotiating a great deal. To learn more or explore local homes for sale, visit their website or call (763) 856-0195.