It’s a no-brainer to say that everyone wants to get absolute top dollar when selling their home and getting that as quickly as possible. If you overprice your home it may sit on the market for months on end which puts you into desperation mode and then causes you to drastically drop your price and take much longer to sell which will in the end defeat both of your goals.  So it’s fair to say that pricing your home correctly is crucial to meeting your financial and real estate goals. Even more so, according to Zillow within the U.S. nearly 60% of homes that were sold at or above listing price were done so within the first week. So how do you know where to price your home not only to get the price you want but to sell it quickly?

Compare Prices in your neighborhood

Running comps is something every real estate agent has to do with selling a home but with so money real estate apps available you can run your own comps by taking a glance at other homes for sale in your area and contrast that with the amount you want to profit from the sale of your property. Be sure when you are comparing take into account the number of bedrooms, square footage and neighborhood location to get the most comparable pricing and with the homes closest to yours.

Hire an appraiser

Depending on the price of your home and your expected profit margin it may be worth hiring an appraiser. If you’ve made any upgrades to your home such as an updated kitchen or added a bedroom these improvements could drastically increase the value of your home. An appraiser will compare it to current trends and homes within the area and give a more accurate estimate of its true value.

First Impressions Matter

Once you figure out the price point you want to sell your home make sure that it is up to par in order to get that ideal amount. Go ahead and fix the faulty light switch, slap a new coat of paint  on in the kitchen and bathroom, mow the lawn. Get your property ready to show. Take GREAT photos. A picture is worth 1000 words and a video is worth 10,000 words. It only takes a few seconds for people to realize whether they are interested or not. Don't blow the deal before you even get started. It’s hard to get any offers if no ones knocking on your door. Louzy photos can kill your listing and let’s face it, real estate agents are NOT photographers. With modern smartphone cameras you can make your listing photos look amazing with a little editing. You can even hire a professional. You want to put your best foot forward and make the best first impression. 

Pricing your house correctly can not only get the amount you want out of your property but also get it sold quickly. To do this be sure to do an accurate comparison to similar homes in your area. Take into account the quality of any upgrades and hire an appraiser if you don’t think you can give an accurate assessment. Finally, make any updates and take quality photos! A bad photo can make any nice property look poorly and if you’re making a bad first impression you will not get the amount of traffic it deserves which will cause you to drop your price costing you potentially thousands of dollars.