Mistakes to Avoid when Pricing your Home

What Are Common Pricing Mistakes to Avoid?

Making mistakes is part of life. However, when it comes to selling your home, there are mistakes that you should avoid at all cost.

Setting the right price is both difficult and risky.  The price that you set for your home will determine whether it will be sold quickly or if it will linger on the market for a long period of time.

Common Pricing Mistakes Sellers Often Make

 

Although pricing mistakes are common, they can be avoided. If you keep clear of these home pricing mistakes, then you can sell your Kirtland OH home faster at a price you’re happy with.

 

Pricing your home too high

This is one of the most common mistakes home sellers make. Without a doubt, homes that are priced too high will be passed over by buyers.

Don’t make the mistake of starting at a higher price just to see what will happen. Buyers and their agents know the comparable sales. If your home is priced well beyond where other homes have sold in the area they’re not going to want to buy your home. When you overprice and your home sits on the market it becomes less and less appealing.

If you know how much you should realistically be able to attain on the market,  then you should price your home accordingly right from the start.  

Becoming emotionally involved

As a seller, it’s normal to think that your home is worth more than it is because of all that you’ve invested over the years. However, if you want to sell your home fast, it’s important not confuse actual market value with emotional and sentimental value.

If you’re too emotionally involved, you might insist on listing at a price that’s higher than what the market will bear. Make sure that you’re emotionally ready to sell. Otherwise, you might subconsciously sabotage the home selling process.

Hiring the wrong kind of agent

Many agents will try to convince you to list with them by promising to attach the biggest price tag to your home. While this may sound enticing, it could lead to disappointment if you choose an agent who doesn’t do the necessary research and doesn’t have the backup to justify setting such a high price.

Pricing a home for sale is not a simple process. You don’t need the help of just any agent.

That’s why I’m here for you.

As a top real estate agent, one of the things I do is to prepare a comparative market analysis (CMA) for my clients.  A CMA is a survey of comparable homes recently sold or currently on the market used to help determine a fair market value for a seller’s property. CMA reports are one of the most accurate ways to find your home’s value if you’re thinking about selling.

 

Thinking it’s about time to list your home?

Let me help you avoid pricing mistakes. With my years of experience, I will not only accurately price your home; I’ll also market it to the right buyers.

Call or text me, Christine Pappas, at 216-956-7635. I can provide you superior local knowledge, professionalism, and outstanding personal service to help you with all your real estate needs.

About the Author Christine Pappas

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