While the real estate market from coast to coast has, for the most part, certainly come up since the recession of 2008, this doesn’t necessarily mean that homes will automatically sell quickly – especially for asking price – if they don’t have the right pricing and marketing strategies backing them up. For example, even during a hot seller’s market, in order to give yourself a better chance of receiving offers quickly, it could actually work well to price your property lower than other options that are for sale in the immediate area.
When using this strategy, it can make sense to determine whether you would rather compete head to head with other properties – and in turn risk having to carry your property longer – or instead to go with a lower list price, upping your chances for an offer right away.
On the other hand, if you are not pressed to sell – both from a time and a financial standpoint – then you could opt to instead go with a higher initial price tag. This strategy could work well if your home has additional amenities or updates that buyers may be looking for.
If you’re considering selling your home, it may not be as easy as you think – even in a “seller’s” market. Making your home stand out from the other offerings that are available to potential purchasers can take both some physical enhancements, as well as some financial finesse.
Working with an experienced real estate professional can help you to prepare for the sale of your home, and can also provide you with the negotiating power that you need to get the deal done. Do you have questions about how to sell your home in any type of market? If so, just give us a call and we’ll be happy to help.