If you’re trying to sell your house, you may be looking at this spring season as the sweet spot – and you’re not wrong. But while conditions are great for sellers like you, you’ll still want to be strategic when it comes time to set your asking price.
The Downside of Overpricing Your House
The asking price for your house sends a message to potential buyers. From the moment they see your listing, the price and the photos are what’s going to make the biggest first impression. And, if it’s priced too high, you may turn people away.
That’s because no homebuyer wants to pay more than they have to, especially not today. Many are already feeling the pinch on their budget due to ongoing home price appreciation and today’s mortgage rates. And if they think your house is overpriced, they may write it off without even stepping foot in the front door, or simply won’t make an offer if they think it’s priced too high.
If that happens, it’s going to take longer to sell. And ideally you don’t want to have to think about doing a price drop to try to re-ignite interest in your house.
Your Agent’s Role in Setting the Right Price
Instead, pricing it at or just below current market value from the start is a much better strategy. So how do you find that ideal asking price? You lean on the pros. Only an agent has the expertise needed to research and figure out the current market value for your home.
Even though you want to bring in top dollar when you sell, setting the asking price too high may deter buyers and slow down the sales process.
DM me to find the right price for your house, so we can maximize your profit and still draw in eager buyers willing to make competitive offers.
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