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Do’s And Don’ts Of Pricing Your House

Do’s And Don’ts Of Pricing Your House


Everyone wants to sell house quickly so we are listing some do’s and don’ts of pricing a house.

Do’s of Pricing Your House

1. Price Research

The first thing to do for pricing house rightly is to do some research regarding the prices of the properties. This should include houses in your city, in your area and particularly where your house is located. There are many sites where you can compare house prices. Furthermore, talk to local real estate agents and they will provide you details regarding house prices.

2. Price Competitively

When you know what your house can offer you in price, you have to set the price. Many people put more than the market price and this is what the buyers don’t like at all. You should rather reduce the price to a reasonable amount to reduce negotiations and sell house quickly.

3. Think Like a Buyer

A buyer always tries to get a fair price quote from the seller when it comes to a house. You can better adjust your price if you put yourself in place of the buyer. Find out what are the strength and weaknesses of your house, why it should have a certain price tag and what you will get as a buyer. Lastly, you should also consider its worth after some time when you will be selling it.

4. Sweeten the Deal

You can make the house deal quick and better for the buyers if you have adjustments in your price. That means, the price should not be fixed. The buyers should be allowed to negotiate for a better price so that you can sell house quickly.

Don’ts of Selling Your House

1. Overpricing House

This is a mistake many people make when it comes to pricing their house for selling. The overpricing reduces the number of buyers and visitors. With few buyers, you don’t have enough chances to sign a great house selling deal. With this, selling house quickly becomes hard for the seller.

2. Hiring Agent

We recommend that sellers should sell their house without agents. When you have agents on your side, the price of the house increases for the seller as well as the buyer. If the agent demands 15% of the property from both parties, that means the house price was 30% more than it should have been. Not hiring an agent is a great idea to price house smartly.

3. Emotional Involvement

It has been noticed many sellers get emotional when it comes to selling their houses. They attach the emotions with the house price and give an idea that they don’t want to sell the house but have no other option. Furthermore, they attach the emotions with house price.

4. Ignoring Market Trends

Lastly, we will recommend that the sellers should not ignore the current market trends and price of the houses. The latest trends let you compare properties and prices. You can even get a better price if you compare the rates and have sound understanding of market trends.

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As always, if you need any assistance, buying or selling your next home, contact us at Blue Eyes Properties, LLC, (315)288-3737 and we’ll help you any way we can. You can also email us at 315homebuyers@gmail.com

Blueeyesproperties.com

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References:

  1. https://www.trulia.com/guides/how-to-price-your-home/
  2. https://www.thebalance.com/pricing-houses-to-sell-1798968
  3. https://home.howstuffworks.com/real-estate/selling-home/10-tips-pricing-home8.htm
  4. https://www.property24.com/articles/6-pricing-mistakes-to-avoid-when-selling-your-home/27089
  5. https://www.homie.com/blog/5-things-home-sellers-do-you-shouldnt/

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