Although the current real estate market in Ottawa favours sellers right now, it is important to do your research and price your home correctly if you want it to sell quickly. A mistake made early in the home selling process could come back to haunt you later on, so it worth enlisting the help of an experienced RealtorⓇ to ensure your home is priced and marketed correctly for a smooth sale. Here are some tips for pricing your home to sell quickly:
Do your research
Your home will have the best chance of selling quickly if it is priced realistically. To ensure that you have all the information at your disposal to price your home correctly, you need to do your due diligence and research. You should be looking at what other homes in your neighborhood have previously sold for, as well as what similar homes in terms of size and location have sold for recently. Your RealtorⓇ will be able to look at comparative market data to help you find the most suitable price for your home.
Work with an experienced RealtorⓇ
An honest and experienced RealtorⓇ will be able to help you set a realistic price for your home that will enable you to get a quick sale. It is natural for you to want to sell your home for as high a price as possible, but this will go against you if your home is wildly overpriced. An experienced RealtorⓇ will have good knowledge of your area, as well as an understanding of the current market, which will help you to price your home as accurately as possible.
Get the price right, first time
Homes often generate the most amount of interest in the first few weeks after they are listed, so your chance at finding a buyer is highest during that time. Setting your price too high straight off the bat will turn off potential buyers who will find comparable homes to yours at a more attractive price point. After some time, if your home doesn’t sell, you will have to drop the price, which can indicate a red flag to buyers. The longer your home sits on the market without selling, the worse it can look to potential buyers as time wears on.
Don’t get emotional
When you have lived in your home for a long time it can be hard not to view it with rose-tinted glasses. Your emotions and sentimentality often mean that you will place a higher value on your home than potential buyers may do. It’s important that you listen to your RealtorⓇ, who will be able to view your home objectively, and do your research to make sure that you are pricing your home correctly without getting caught up in your emotions.
The staff and sales representatives at Royal LePage Performance Realty understand what you go through when you buy or sell your home. Whether you’re looking to purchase a trendy downtown condo or list your west Ottawa duplex for sale, we have the tools, training and market experience designed to get results.Contact us today for a free home evaluation, or browse through our hundreds of real estate listings in Ottawa and Eastern Ontario.