Honolulu Home Selling Tips – Why is Properly Pricing a Home For Sale So Important?
As we see below, sellers tend to have a different view of how to arrive at a price for their property. Unfortunately, many sellers tend to have a misconception on what their home is worth.
In calculating what your home is worth, there are three primary factors that will influence price:
Adverse Effects of Improperly Pricing Your Home
The other thing that you have to consider is the adverse effects of improperly pricing your home. It will be on the market longer and while it is on the market you have all the carrying costs, such as mortgage, taxes, insurance, etc. – not to mention the severe amount of stress you subject yourself to while marketing the home. The longer it is on the market the less likely it will sell and the lower the ultimate sales price will be.
As the pyramid below shows, overpriced homes generate fewer buyers and fewer sales as the market has a way of correcting itself and insuring that market value prevails.
One last thing to keep in mind when pricing your home and bringing it to the market – first impressions. If it is overpriced it will sit on the market and after the first few weeks you will start to see interest fall off rapidly, and consequently, the price!!
These are all good things to keep in mind when bringing your “product” to the market because once your home is for sale it is a “product” in a very competitive market. If you want to make sure you can price your product at the top of the price range, let me professionally stage it for free when you list your home with me.
The Benefits of Professionally Staging Your Home For Sale
It has been shown that professionally staged homes always sell faster and for more money. Call for a free, no obligation consultation. I will bring our redesign expert to your home and we will help you by providing a honest third party opinion on how to prepare your home.
If you choose to list with us we will do much of the work for you. Visit my staging website to see some of our work and get more information on how professional staging will help you price your home at the high end of the market and sell it faster and for more money.