Pricing Your Home To Sell –
If you’re preparing your home for sale, one of the biggest decisions you’ll make is the price at which you list your home. The top two factors to consider when trying to pinpoint a listing price for your home include:
- Your Home’s Current Fair Market Value
- Pricing Strategy
Your Home’s Fair Market Value
The first thing to consider when pricing your home for sale is your home’s actual fair market value. This number varies due to a variety of factors including, but not limited to:
- current home inventory
- recent sales
- condition of your home
The best way to understand your home’s current fair market value is to have an experienced Real Estate professional conduct a comprehensive market analysis and provide a home value report. The report will explain how the agent got to your home’s fair market value and offer helpful suggestions to ensure your home appeals to as many buyers as possible.
If you’d like to request a FREE, NO-OBLIGATION Home Value Report, Click Here
Results from a study published in the Journal of Housing Research showed that pricing strategy plays a key role in whether you’ll receive higher offers, or experience fewer days on the market. After researching two different pricing strategies, “Just Below Pricing” and “Round Number Pricing,” the journal reported that homes marketed using Just Below Pricing typically produced a final sale price 2.5 to 3 percent higher than homes sold using a Round Number pricing strategy. Researchers also noted that homes marketed using a Round Number pricing strategy typically spent fewer days on the market and had a lower discount relative to the listing price.
There are many considerations when selling your home – don’t leave it to chance. When you choose Jeff Braun Realty, LLC to represent you in the sale of your home, you’ll enjoy added peace of mind. Our agents are professional, experienced, and committed to helping you make the right choices to sell your home quickly, at the best price possible.
For more information, or to meet with one of our local Real Estate agents, call 262-878-9599 toady!
Jeff Braun Realty, LLC
1443 Main Street
Union Grove, WI 53182