How to Correctly Price Your Home

Nationally, research shows us that the number one mistake home sellers make is overpricing their homes. This is no exemption for Spartanburg, Greenville, and Anderson Real Estate Markets. Overpriced homes or properties here will usually languish on the market for extended periods of time. Yet if you price your home correctly you can optimize your showings and reduce the time your home spends on the market. To avoid the pitfall of overpricing, it is important that sellers understand real estate prices are set by overall market forces. If you are unsure of your home’s worth or would like a second opinion, please contact us.

Your Home Price Should Not Be Based On:

What you owe or need to get out of the home or property.
How much profit you want to realize from the sale.
How much money you have spent upgrading or remodeling.
What your neighbors tell you your home is worth.

Your Home Price Should be Based Upon:

An objective market evaluation based on similar or comparable home sales within the last 6 months in your neighborhood, subdivision, or local area.
The shape, condition, and features of your home.
How quickly you want your home to sell. Remember an overpriced home will usually always languish on the market.

If you desire a professional market appraisal, we can recommend several good appraisers to you as well.

Overall, it is important to evaluate your home based on the items listed above and then set your price for selling. If you would like a free market estimate, just email or call us. Maybe you have other questions or would like to know more about our powerful yet flexible home marketing and listing plans. To discuss any of these, simply call us to setup a free no obligation consultation: 864-525-0736.

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