With so many factors impacting a home’s value, it’s not enough to price your home based upon what the others in your neighborhood are listed at. Square footage, lot size, view, updates, and so much more can influence the selling price. The home price trends in your neighborhood are important too. Are prices trending up or down? Last years home sales might not be a perfect indicator of today values.
This is a tricky question. Listing high can bring in different buyers who may offer asking price in a competitive market, but if you’re too high, it may limit the number of potential buyers and result in no offers. Listing low can be seen as a great deal and often drive up your sale price with multiple bids. However, listing too low can often scare buyers away who think it’s too good to be true or that something is wrong with the house. Deciding what price to list is at should be a two-way conversation between you and your agent.