In London Ontario, pricing a home to sell far outweighs pricing your home to sit on the market and hope!
Try not to get too carried away when your home sells for the price you want and quickly!
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 at market value will open your home to more qualified buyers.
More Eyeballs On The Marketing: Buyer inquiries are converted into showing appointments.
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 feel it is too expensive.
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 will seem to have fewer amenities than other homes in the same price range.
Outside Appraisal Challenges: Appraisers must base their value on what comparable properties have sold for.
Drama should be in the movies, TV or the theatre stage, not when selling your home!