Price Your Home Reasonably And You Will Receive Reasonable Offers


Price Your Home Reasonably And You Will Receive Reasonable Offers
By Scott Rogers • July 14, 2022
Now more than ever, appropriate pricing is the key to a successful sale of your home. TOO HIGH... If an identical home sold a month ago for $325K... we shouldn't price your home at $335K or $340K or $350K. If you price your home too far above other recent sales, buyers may come to see your home... but they likely will not make an offer. TOO LOW... Likewise, and equally important, if an identical home sold a month ago for $325K... we shouldn't price your home at $300K or $305K or $310K. If we price your home too far below other recent sales, we will likely have an offer or two, but we can't necessarily count on enough offers with escalation clauses to increase your "too low" list price up to the "just right" market value. JUST RIGHT... If an identical home sold a month ago for $325K, we should likely consider a list price of $319K, $325K or $329K. Not too high. Not too low. Just right. Disclaimer: I'm oversimplifying here. :-) Rarely is there an "identical" house that sold in the past month to provide such a straight forward guidance on pricing. But, despite my oversimplification, hopefully the general sentiment of my guidance is clear enough. ;-) Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
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