In London, Ontario, pricing a home to sell far outweighs pricing it to sit on the market and hope.
A Quicker Sale: This means you save on mortgage payments, real estate taxes, insurance, and other carrying costs.
Less Inconvenience: When your home is on the market, your lifestyle and schedule will change. Preparing your home for showings and making arrangements for children and pets are two examples. Proper pricing shortens market time.
Realtor Excitement: When real estate salespeople are excited about a property and its price, they are motivated! They make special efforts to contact all potential buyers and show the property whenever possible.
Exposure to More Buyers: Pricing your home at market value will attract more qualified buyers.
More Eyes on Marketing: Buyer inquiries are converted into showings.
Reasonable Offers: Buyers may fear losing out on a great value.
Now What?
Further Drawbacks Of Not Pricing a Home Correctly!
Fewer Showings: Realtors and buyers won’t visit the property if they perceive it as overpriced.
Helping Your Competition: Buyers will visit other properties that offer better value or that they think they do.
Buyers Can’t See The Value: Your home may appear to have fewer amenities than comparable homes in the same price range.
Outside Appraisal Challenges: Appraisers must base their value on comparable properties that have sold.
Drama should be in the movies, TV or the theatre stage, not when selling your home!
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