MobileGreenville

Contact Us @ 864-881-1258

  • Search
    • City
      • Greenville
        • Search by Neighborhood
        • Search By Price Range
      • Simpsonville
        • Search By Neigborhood
        • Search By Price Range
      • Greer
        • Search By Neigborhood
        • Search By Price Range
      • Fountain Inn
        • Search By Neighborhood
        • Search By Price Range
      • Mauldin
        • Search By Neighborhood
        • Search By Price Range
      • Taylors
        • Search By Neigborhood
        • Search By Price Range
      • Travelers Rest
        • Search By Neigborhood
        • Search By Price Range
      • Easley
        • Search By Neigborhood
        • Search By Price Range
      • Liberty
        • Search By Price Range
    • Schools
      • Elementary Schools
      • Middle Schools
      • High Schools
  • Buy
  • Sell
  • Finance
  • Blog
  • Careers

Factors to Consider in Pricing Your Home

Setting the right price for your home is important because it will either make or break your chance of a successful sale. Remember, your home could be perfect in and out but none of that matter if the price is not right. So how do you set the correct price for your home to sell?

There are several things to consider in pricing your home.

Property condition – Check your home’s major systems such as furnace, central air, electrical system, as well as the appearance and condition of the fixtures, the floor plan of the house, and its first appearances. Better yet, hire a home inspector it would save you trouble when you already know what needs to be repaired before you even agree on a purchase price. Sometimes, home sellers find themselves asked to make costly repairs or price reduction after the home inspector checked the house that is already under contract. A pre-inspected house can  be good as a marketing tool too.

Market condition – Is it moving up or down? The more you know about the condition of your local market, the better your chances of getting the best possible price for your home. The market value of your home is  affected by the inventory of homes currently on the market, the demand or the number of people looking to buy property, mortgage rates, and the condition of the economy both local and national.

Inventory – check out your local market to see if the inventory is high or low. If it’s a hot market, when the demand is greater than supply, homes usually sell very quickly and may sell above asking price.

Interest rates – The interest rate has a major impact on home values. The demand for housing increases when rates are low or falling and vice versa.

Local competition – Check out the active competition in your area. Get comparable properties from your agent. Your agent can give you a general market analysis of your neighborhood to see if there are lots of comparable homes available in your area.

Location – The location of your home is a factor to consider too, if your property is located in a desirable neighborhood, chances are you may get your asking price or more.

Here are some reminders in setting the right price for your home:

Don’t start off with a high asking price. Thinking of starting off with a high asking price is not a good idea. For one, it will not help you sell, but will it help sell the competition. You will lose your potentials buyers and in the end you will just have to cut the asking price later, your prime market momentum (the first 21 days) lost.

Don’t price your home based on what you paid for it or what you need to buy for your next home.

Don’t rely in real estate sites to determine your home’s value.

Be realistic. Do not allow emotion to cloud your judgment and be realistic about setting the price of your home.

And don’t hesitate to consult your agent, the right agent is there to guide you, provide you information about the market, and help you make the most informed decision possible.

 

 

(Visited 298 times, 1 visits today)
Facebook0
Google+0
LinkedIn0
Pinterest0
Twitter0

Comments

Filed Under: Home Selling, Home Selling Tips Tagged With: Factors to Consider in Pricing Your Home, home pricing, Home selling tips, how do you set the correct price for your home to sell, how to price your home to sell, Pricing your home correctly, things to consider in pricing your home

Search our site

J Michael Manley Rebate Program. Serving Pays

Popular Posts

  • Emit’s Farm And Adventure Park – Upstate Mobile Petting Zoo   EMIT’S FARM & ADVENTURE PARK  Phone: 864-658-2382 Website: www.emitsfarm.com    …
  • Where To Find Pokémon Go Gyms and Pokéstops in… Where to Find Pokéstops and Gyms in Greenville SC? Barely…
  • Below is the weekly PET MED Mobile schedule. Please… -- Delivered by Feed43 service Source: PET MED Mobile Schedule
  • Where to see Christmas Light Shows in the Upstate Christmas is coming! There’s plenty of holiday cheer if you…
  • 8 Disclosures South Carolina Home Sellers Must Make   Not disclosing everything about a home can be very…
  • Stella’s Southern Bistro: Fine Dining at Its Best in… Is ambiance and fine dining the keywords you search for…
  • Top Ten Luxury Homes for Sale in Greater Greenville Top Ten Luxury Homes for Sale in Greater Greenville California…
  • Homes for Sale Near Monarch Elementary School,…   Monarch Elementary School Information and Homes for Sale Near…
  • Where To Go Fishing? See 15 Best Fishing Lakes in… Fishing is great outdoor pastime for those who love to…
  • Homes for Sale Near Oakview Elementary School,… Oakview Elementary School Information and Homes for Sale Near Oakview Elementary in Simpsonville,…

Buying A Home? Read These Articles To Get More Information About Home Buying

How to Simplify the Moving Process for the Senior in Your Life

Costs To Consider When Buying A Home

Home Buying 101: What’s Next After Your Offer Has Been Accepted?

6 Mortgage Mistakes to Avoid

How Much Can You Afford For a Home?

10 First Time Home Buyer’s Most Commonly Asked Questions

What Home Buyers Should Know During the Mortgage Process

Interested in Buying a Foreclosure? These Tips Will Help!

Home Buying 101: What is a Pre-approval? Do You Need It?

10 Must Do’s for First Time Home Buyers

These Home Selling Tips Will Give You Lots of Insights About Home Selling

5 Reasons Why You Should Sell Your Home in Greenville in 2017

10 First Time Home Buyer’s Most Commonly Asked Questions

5 Things You Can Learn From Your Neighbors’ Houses Before You Sell

5 Affordable Ways to Update Your Kitchen

Is Your Home Selling Above Market Value?

Selling a home in a Hot Seller’s Market

How to Stage Your Home For Little or No Cost

Should You Overprice Your Home?

8 Affordable Ways to Improve Your Home’s Curb Appeal

How to Declutter Your Home before Selling

Tours in Greenville

Real Estate Tools

   
Get Started With Mortgage Pre-Approval
 pre-approved
Search Home Using Our Mobile App
 mobile app GGAH page

What Our Clients Are Saying…

"My husband and I met with Michael in mid-December, our house went on the market January 16th and was under contract January 19th. Michael and his team are amazing at what they do and did everything could to help us. We were out of our old house and in to the new one within a month of our house going under contract. I would highly recommend using the J. Michael Manley team for buying and/or selling. They made the hassle or buying and selling so easy and everything was very smooth."


Brittany and Brandon Kessler
Seller

VIEW ALL

Meet The Team

Livian Estates TeamLivian Estates Team

Keller Williams Realty

403 Wood Lake Dr Suite 100

Greenville, SC 29607  

 

Whether it is buying or selling a home, there is no bigger decision than choosing the sales associate who will represent you during the transaction. Beyond being trustworthy and honest, you need someone who has the experience and drive to help you in the real estate selling or buying process. Livian Estates have represented countless clients to satisfactory resolutions, either in finding the perfect homestead or selling their home to a new family.


youtube linkedin kw-mobile-app-google-keller-williams kw-mobile-app-facebook-keller-williams    

Copyright © 2024 All Rights Reserved. Site Map | DMCA | Greenville SC Real Estate | Greater Greenville

Turn Key Theme

realtor and fair housing   Greenville SC Chamber Investor