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3 Tips on Pricing Your Home to Sell

Selling your home can be stressful because everyone wants to get a good deal out of the transaction. The seller wants to make decent money from a sale and a buyer wants to find a bargain, so it can be difficult to find that sweet spot for a price. Studies have shown that in recent years sellers are not pricing their homes as high, and according to an article on Home Light, overpricing your home won’t translate to more money in your wallet. 

These three tips should all be taken into consideration when getting ready to put your house on the market, helping you to price it right and sell it for the maximum dollar amount. 

Get Your Home in Tip-Top Shape

One of the best things you can do to make your house a competitive contender among the real estate market is to ensure that it’s in the best shape possible. Go through your home with a fine tooth-comb, making any and all repairs needed so that everything looks well-maintained. Also, you’ll want to hire a professional cleaning service to make sure that it’s sparkling clean to make it more appealing and well taken care of for those potential buyers that come through. 

Touching up the walls with paint or giving them a brand new coat can go a long way in making the house look as new as possible for house hunters as well. Do all you can to make your property the best-looking one for sale in the area, making it easy for people to buy knowing they won’t have to do much to it before moving in.

Tour Competing Houses for Sale

When you’re preparing your home for sale, it’s always a smart idea to see what other houses in your area are going for and what features they offer inside and out. For example, if you live in Toronto, it’d be helpful to see what other Toronto houses for sale are doing in terms of prices for their location, square footage and features like a master suite, finished basement or an attached garage.

Have a Serious Talk with Your Realtor

Your realtor might suggest selling your home at a price that is lower than you’d hoped for, but keep in mind that they’re experts in the industry and have as much of an incentive to sell it as you do for their commission. If your realtor is giving you a certain price to sell your home, they’ve likely done the necessary research to come up with that number. If you aren’t sure that it makes sense, have a serious talk to find out how they determined the price. Most professionals run a comparative sales report based on your house’s style, size, and many other factors. They might also be able to offer advice on how you can improve your odds of having a successful sale at the highest price possible.

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