As you put a house on the market, you are listing it for one reason: To sell. How fast? Usually as quickly as possible. The longer a house sits on the market, the harder it becomes to sell. To help make a sale happen quickly there are a variety of things you can do. One of the most common things is pricing the house correctly. It will draw appeal and be found in the right searches if you do your research to get it right. Learn more about what to do to set a price, making it comparable to similar homes in the neighborhood and tips for working with an agent from your Denver real estate agent.
Initial Research and Making the Price Comparable to Similar Homes
When listing your home for sale, while you will take into consideration what you paid, that will not necessarily be your base for how you price your home. It takes a little work and initial research. One of the first things you will do is research your area. Find out what home values are for homes like yours—from how many stories the home is and square footage to similar features, amenities, etc. Another thing to consider is the market of the neighborhood. If you live in an up-and-coming neighborhood, or a neighborhood high in demand for sellers, you may have some leeway on a higher price as people are actively seeking homes. If your home isn’t in a popular neighborhood, just work to come up with a price that is comparable to similar homes.
Settling on a Price
Do you ever notice many of the things you buy, from something as small as a candy bar to something as major as a vehicle, always seems to end in a nine? For instance, $1.99? There’s a psychology to it. Buyers are more likely to make a purchase when they perceive something at a lower price. But not only is there a psychology to using the nine technique, but it also plays a role in searches. Those looking to purchase a house may search for a specific range, such as homes up to $150,000. By pricing a home at $149,999, you will guarantee that your house falls within that search. Learn more about pricing a home in Inman’s “The Psychology of Pricing a Real Estate Property.”
Working with and Agent
During the home sale process, one of the best things you can do to make sure you price a house properly is work with a real estate agent. They have access to the tools needed to see what home values are going for on houses like yours. They also know how to price the house at the price that grabs attention amongst prospective buyers.
When ready to sell your home, let the Giving Back Group help. We will help you find the perfect price that helps your home sell quickly. We also will donate 20 percent of our commission to the charity or nonprofit of your choice. When getting started, use our home valuation
calculator. To get started, give us a call at 303-881-4881.