How To Price Your Home For Sale

Boise real estate market is the sellers' market where buyer demand far exceeds the supply. It doesn’t mean though that you should price your home as high as the sky when you’re ready to sell. Here’s why making sure you price it right is key to driving the best price for the sale.

 

how to price a home for saleWhen it comes to pricing your home, setting it at or slightly below market value will increase the visibility of your listing and drive more buyers your way. This strategy actually increases the number of buyers who will see your home in their search process. Why? When potential buyers look at your listing and see a great price for a fantastic home, they’re probably going to want to take a closer look. This means more buyers are going to be excited about your house and more apt to make an offer.

In that situation, you are more likely to set up a scenario with multiple offers, potential bidding wars, and the ability to drive a higher final sale price. Thus, even when inventory is tight, pricing it right – or pricing it to sell immediately – makes a big difference. 

Here’s the other thing: homeowners who make the mistake of overpricing their homes will eventually have to lower the prices anyway after they sit on the market for an extended period of time. This leaves buyers wondering if the price drops were caused by something wrong with these homes when in reality, nothing was wrong, the initial prices were just too high.

If you’re thinking about selling your Boise home, make sure you have a real estate professional on your side to help you properly price your home and maximize demand from the start.  Call Krystyna Ryan (208)918-507 today to maximize your profit in the shortest possible time!