So you’re thinking about selling, that’s a big step! There’s a lot to do to get your home ready for the market. But first things first, probably one of the biggest things that’s on your mind besides how quickly you can sell your home is what your home is worth. Once you know what your home is worth, then the next big step is to make sure that everything you do to list your home ensures you get an offer for your home’s worth.
If you don’t know where to start when finding your home value, that’s okay! Real estate agents are experts that will help you find your home worth and help you set a price for your home to sell when it hits the market. Having a trusted real estate agent by your side is key in getting your home to sell quickly and for what it’s worth.
Let’s find out what goes into pricing your home in this short video: “How to Price Your Home”.
Keep reading to learn more on how to price your home to sell!
What’s My Home Worth?
While you can figure out what your home is worth on your own, it’s always helpful to ask the expertise of a knowledgeable real estate agent to double check the market. Depending on whether you are in a buyer’s or seller’s market is a huge factor when figuring out what your home is worth and how to price your house.
Some other factors that go into pricing your home include what the current interest rates are, how the market is in your area, and how many buyers are currently looking for homes. The reason these factors are important is because they can affect how long your home can stay on the market if you do not price your home accordingly. Let’s take a look at some of the consequences of not pricing your house correctly in the next section.
Pricing Your House to Sell
So, what happens if you don’t price your house to sell? Usually this means that you have overpriced your home. The consequence of setting your home price too high is that then most likely you won’t have many serious buyers, if you get any offers at all. Even if you are in a seller’s market, you risk not selling your home or even getting many showings if you list your home for more than it is worth.
One of the first mistakes when pricing your home is to price it too high, and this is why you shouldn’t overprice your house to sell. If you have time and are in no rush, then you may get lucky with a buyer. Otherwise, your home will sit on the market longer and potential buyers may wonder why your home is selling as quickly as others.
Why Should I Price My Home to Sell?
We just learned the downfalls of pricing your home incorrectly. But you may wonder, why should I price my home to sell if I might be able to get more for it? The reason is, if you price your home to sell, you are more likely to get more showings and more people interested in your home. Which means buyers are more likely to send in offers above your asking price.
If you set your home at the correct price, buyers will know that there is more competition to buy your home. Serious buyers will put in stronger offers, including a price that is higher than the listing price. Discuss this with your realtor and find out what price, according to the market and your own home value, will be best for your home.
Ask your real estate agent more about how to price your home to sell.
More Common Questions About Selling a Home
I know you probably have a lot more questions about selling a home and you’re in luck! I have more common questions about selling a home that you can find answers to HERE.
These common questions can include things like can I buy and sell a home at the same time, when is the best time to sell my home, or even at what list price you need to sell your home.
Want more information? Download my Sellers Guide here:
I’m here to help. If you don’t see the answer to one of your home selling questions, reach out to me today! I have plenty of resources and expert tips to help you through the process of selling your home.
Want to Learn More About Pricing Your Home in Birmingham, AL?
I hope this article helped you determine the process of setting a price for your home! Remember, your real estate agent can guide you through the process of determining your home’s worth in the current market you decide to sell in. Do you have more questions about selling your home? Then contact me today! Let me help you sell your home in the Birmingham, Alabama area.
💲Want to know what your home is worth? Find out Your Home Value
If you’re new to the Birmingham area and have any questions, please feel free to reach out to Dianna Howell with The Howell Group: 205-568-5435 or dianna.howell@kw.com for information on Pelham, Alabama real estate by Dianna Howell, top listing agent in the Birmingham, Alabama area. Visit our website for more information on the Birmingham area: https://diannahowellrealtor.com/category/lifestyle/
🔑🏡 Want to learn more about the selling process? Then read this article for 6️⃣ easy tips:
📕 Read more about the Birmingham area in this post: https://diannahowellrealtor.com/buying/relocating-to-birmingham-al/
Sincerely,
Dianna Howell
The Howell Group of Keller Williams in the Birmingham Alabama area
Top Birmingham Real Estate Agent
