Here’s what you need to know about pricing your home in this market.

Today, we're discussing what’s on every homeowner’s mind: pricing. When it’s time to sell your home, you need to know how to price it correctly to get the best deal possible. Here are our best tips to help you price your home.

While you might be tempted to rely on what your friends and family say about the market, know that pricing trends vary week by week. When you’re selling an asset as valuable as your home, relying on anecdotal evidence just won’t cut it. Instead, work with your Realtor to determine what the market looks like in your neighborhood and find the right price from there.

“Try to find a goldilocks price; not too low and not too high.”

Everyone wants to get the most money possible for their home, but pricing your property high isn’t always the best way to do that. If you price too high, many buyers will simply ignore your house, and it could sit on the market for a long time. Instead, think of your price as part of your marketing strategy. You want to draw in as many buyers as possible while still receiving the best price possible.

Finally, we want to discuss timing the market. Timing the real estate market is almost impossible; no one knows exactly where things are heading or when they’re going to change. However, we know one thing for sure: Housing prices appreciate over time. You can always refinance and change your interest rate later, but the longer you wait to move, the more expensive your next home will likely be.

If you have any questions about this topic or anything else, please call or email us. We’d love to hear from you!