Are you looking for ways to maximize the equity in your home? It makes sense that you want to increase the value as much as possible. Selling your home for a high price point means that you will have more equity that can be rolled into the purchase of the next home for your family.
If you are trying to sell your home, then you are probably anxious to make the change and get settled into your new property. It can be frustrating for your spouse and children to be in limbo without knowing when you are scheduled to move. Selling your home quickly will make this transition as easy as possible because you will have an anticipated timeline to follow.
Setting the Price of the Property
Even though you want to maximize your equity, there is one big mistake that should be avoided: setting the asking price too high. You might think that a higher price builds in more room to negotiate with potential buyers. But, if the price is unreasonably high, then you might be driving away people who are interested in your home.
Talk with your real estate agent about the range of value for your home. Your agent will look at other comparisons in the area and then make a suggestion about how much you should put on your listing price.
Competitive Pricing from the Beginning
One effective strategy to consider is setting the price of the home in a competitive range from the moment the real estate listing goes live. Don’t be fooled into thinking that you can set a high price and then lower it later on if there aren’t any takers. Competitive pricing from the beginning helps to ensure that your home will sell at the higher end of the price range.
The longer your home sits on the real estate market, the lower the selling price will be. Statistics show that homes that take a long time to sell close at significantly lower prices compared to the original listing price. If a home has been on the market for more than two months, then it is likely that the selling price will be as much as five percent lower.
Setting the Right First Impression for Your Home
The goal should be to set a great first impression for potential buyers, and the listing price will play an impact on this first impression. It is common for people to respond to a new listing price within a few weeks after the home is listed. So you need to make sure that the home is attractive to potential buyers from the beginning.
An experienced real estate agent can help by making recommendations about pricing your home and preparing the listing. At DUFFY Realty, we are the leading real estate team in the Atlanta area. We have sold thousands of homes, and we know what works. Call us today so that we can help you sell your home quickly and easily: (678) 318-1700