Why You Need Professional Help Pricing Your Home

Dated: June 7 2022

Views: 8

"Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time." - Thomas A. Edison
Why You Need an Expert To Determine the Right Price for Your House
If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans. With homes continuing to get multiple offers, this could be your moment to get the contract you’re looking for on your house if you’re ready to sell.
And here’s the thing – you need an expert on your side to ensure you make all the right moves when you do, especially when it comes to pricing your house. Even in this competitive market, you can’t stick just any price tag on your home and get the deal you want. A key piece of the puzzle is setting the right asking price so you can help buyers notice your home (and get excited about it) from the very first time they view the listing. That’s where a real estate professional comes in.
Why Pricing Your House Right Is Important
The price you set for your house sends a message to potential buyers. Price it too low and you might raise questions about your home’s condition or lead buyers to assume something is wrong with the property. Not to mention, if you undervalue your house, you could leave money on the table which decreases your future buying power.
On the other hand, price it too high, and you run the risk of deterring buyers. When that happens, you may have to do a price drop to try to re-ignite interest in your house when it sits on the market for a while. But be aware that a price drop can be seen as a red flag for some buyers who will wonder why the price was reduced and what that means about the home.
In other words, think of pricing your home as a target. Your goal is to aim directly for the center – not too high, not too low, but right at market value. Pricing your house fairly based on market conditions increases the chance you’ll have more buyers who are interested in purchasing it. That makes it more likely you’ll see multiple offers, too. And if a bidding war happens, you’ll likely get an even higher final sale price. Plus, when homes are priced right, they tend to sell quickly.
To get a look into the potential downsides of over or underpricing your house and the perks that come with pricing it at market value, see the chart below:
Lean on a Professional’s Expertise
There are several factors that go into pricing your house, and balancing them is the key. That’s why it’s important to lean on an expert real estate advisor when you’re ready to move. A local real estate advisor is knowledgeable about:
  • The value of homes in your neighborhood
  • The current demand for houses in today’s market
  • The condition of your house and how it affects the value
A real estate professional will balance these factors to make sure the price of your house makes the best first impression and gives you the greatest return on your investment in the end.
Bottom Line
If you’re thinking about selling, pricing your house appropriately is key. Let’s connect to make sure your house is priced right for the local market, for your home’s condition, and to stand out from the competition.
I love supporting local small businesses. Click the link below to check out some of the amazing businesses and charities I recommend and do business with. If you would like to have your business featured here, please send me an email.
Click this button to calculate your mortgage
Thinking of Buying or Selling?
Call me today at
(781) 718-4311
or email me: jill.ripley@exprealty.com
If you are looking for property in these towns click the buttons below
Become a Shareholder
 
No desk fees. No royalty fees. No franchise fees. Keep 80-100% of your commissions. eXp Realty also offers every agent the unique opportunity to become a shareholder in their own company, and celebrate the company’s financial success. Oh, and did I mention we have health plan availability? If you want to join a culture of collaboration and agent appreciation, give eXp serious consideration.
Market Data
Blog author image

Jill Ripley

I am a seasoned sales professional, eager to assist you with finding your dream home, or helping you to maximize the profit on your listing. I am a licensed REALTOR®, a certified Pricing Strategy ....

Latest Blog Posts

Your homes growing equity could fuel your move up.

"There are two ways of spreading light: to be the candle or the mirror that reflects it." - Edith WhartonI am looking forward to unveiling this beautiful slice of Halifax, MA history. The

Read More

The increasing number of new listings on the market could be good news for sellers looking to move up.

"The hardest arithmetic to master is that which enables us to count our blessings." - Eric HofferThis was such a fun property to showcase. With almost 5 1/2 acres in Plympton, we used drone

Read More

Why You Need Professional Help Pricing Your Home

"Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time." - Thomas A. EdisonWhy You Need an Expert To Determine the Right Price for Your HouseIf

Read More

See how buying or selling a home impacts the economy of your community

"Give light and people will find the way." - Ella BakerHow Buying or Selling a Home Benefits the Economy and Your CommunityIf you’re thinking of buying or selling a

Read More