Tips for Choosing the Best Price for Your Listing

Filed under: Temecula Real Estate

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As a homeowner, you can choose to price the property at whatever value you think is best. But, it is essential that you consult with an experienced real estate agent who can make suggestions about the initial pricing of your home. This listing value will have a big impact on the time it takes to sell, as well as the agreed price for closing.

How will the Price Point Impact Potential Buyers

Consider the thoughts that a buyer might have as they are walking through your home, knowing what the price point is on the property. They will be looking for appropriate upgrades to match a higher value, justifying a higher price compared to some of the other properties in the area. Or, maybe other comparable homes have upgrades that haven’t been added to your home, making buyers perceive a lower value for the property.

Be mindful of these things, and make sure that you price the home according to the comparable properties in your area. If the price is too high, then you will scare away potential buyers. If the price is too low, then you might be leaving money on the table.

What are Other Homes Selling For in the Neighborhood?

By looking at comparisons in the area, we can determine an average home price and then pick your listing value accordingly. Depending on the quality of the home and potential upgrades that might be needed, the best strategy is to set the price slightly above or below comparable properties.

You also need to look at the location of your home in the neighborhood. You can increase the listing price if you have a desirable location, such as a lot at the end of a cul-de-sac or big windows with a view.

Picking the Right Price for Your Home

Too often, homeowners assume they will start with a higher price, and then decrease the price if no offers come through. But, it can look bad to a buyer if your home has been on the market for a while. So, don’t start too high, because an old listing might cause buyers to assume that something is wrong with the home.

Do you need help choosing the right price for your Temecula property? Call, text, or email me anytime! I will gladly look at comparisons in the area to make suggestions about your listing price: (951) 473-0390 or [email protected]