How to Price a Home for Sale in Montrose, Colorado

Are you preparing to sell a home? If so, you will certainly want to ensure that it is priced efficiently. After all, you will not want it sitting on the market forever! Therefore, know that its price-point will be the main aspect considered by potential buyers.

Are you aware of how to properly price your own home for sale?

We know just how important it is to develop the best price for a home for sale! That’s why, here at Glenn Steil Style Real Estate, as a Montrose real estate agent, I have comprised some tips to assist you. So, if you would like to learn more, be sure to continue reading:

·         Pricing Too High. A first impression certainly matters when selling a home. Therefore, to attract potential buyers, you will not want to price your home too high. By overpricing your home, you can run the risk of potential buyers not seeing it listed. For example, if a filtered search is done online, such as for homes ranging in price from 200K to 300K, and your home is overpriced at 302K, it would not be presented in the search.

·         Pricing Too Low. While pricing a home too high is not ideal, pricing too low is not either! So, it is certainly of importance that you discover the right “happy medium”. Sellers often think that it is a strategy if they price their home lower than market value, as it could gain interest, as well as promote bidding wars. However, if a home is priced too low, some serious money could be left behind, which certainly would not be good!

·         View the Market. By viewing other homes on the market that are similar to your own, you can ensure that your home showcases a price that complements its location. After all, you would not want your home to be under or over-priced, while all of the other houses in the are presenting similar price-points.

·         Let Go of Emotions. A lot of sellers have lived in their home for many years. Therefore, chances are that many memories have been made. So, it is not always easy to let a house go, as you could feel attached to it, making it feel as though your house is worth more than it may be. If this is the case for you, it is important that you evaluate the situation, and make sure that you are ready to sell! Overall, just remember that potential buyers will not care about the sweat equity that you have put into your home, how much you paid for it, or your memories, unfortunately. Therefore, you have to strictly view the selling of your home as a business transaction.

It is certainly of importance to sell your home for the right price. These are just a few tips to assist you with pricing yours!

Would you like to work with a real estate agent in Montrose, Colorado? If so, please get in touch with me here at Glenn Steil Style Real Estate, as I would be pleased with the opportunity to work with you!