For example, I was helping a client just last week price their home and noticed that the pricing trend for that home was around $235,000. I suggested that they list their home at $239,900. In my opinion, in this market, that price will cause a bidding war for that home and push the price up to $245,000 or even $250,000.
If you price your home too high and it sits on the market too long, though, I guarantee it will cost you money. I see this happen all the time—people price their home too high to leave room for negotiation. The market doesn’t work that way, though. Buyers look in a certain price range, and if you hit the right price point, your home sale will blow up.
If you have any other questions about how to price your home or you’re looking to buy a home in our market, don’t hesitate to reach out to me. I’d love to help you.