There are countless factors that might contribute to the decision to sell your home, whether it’s for a new job, to be closer to family, or to finally move into your dream home. Regardless of why you choose to sell, once you’ve decided to list your house you’ll probably have a few questions about where to start. Most homeowners consider whether it’s the right time to sell, if they’ll use a Realtor® to list their property, and the right asking price that will bring the highest return on their investment.
Setting the right list price is one of the most important aspects of listing your home. The right list price will not only help attract the most attention to your listing, but it can also help to guarantee that you’re showing your home to more serious potential buyers. The asking price is one of the first things a buyer will be looking at. If the price is set too high, some otherwise willing buyers may be deterred from scheduling a showing or requesting more details about your home. Lowering the price once you’ve already listed might give the impression that you are under pressure to sell, and can result in lower offers from buyers. However, if the price is too low, you may risk losing out on a lot of money.
Determining the right asking price requires knowledge and understanding of your regional real estate market. Because real estate relies so heavily on the local market, you need to know the value of similar homes in your neighbourhood and be aware of any external factors that could affect the value of your property. Your first step should be to contact a Realtor® who you can trust to help determine the right price for your home.
Your Realtor® will have up-to-date details on current market conditions, but they can also use their Real Estate Board’s MLS® system to compare your home directly to others that have recently sold in your neighbourhood. Realtors® are trained and experienced when it comes to calculating what types of adjustments should be made when it comes to narrowing in on an asking price. With the right price, you’ll be sure to maximize on the interest your new listing generates.
If you’ve been thinking of selling your home, we can help! Contact us directly or browse our website for a sales representative. For additional information on how to prepare to sell your home, visit our comprehensive Seller’s Guide. If you’re not ready to sell but would like to find out what your home is worth, you can also request a free market evaluation of your home with no obligation to you.
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