Tag Archives: pricing

How will you know if you are priced correctly?

The Northrop Team is the area’s leader when it comes to pricing your home right from the start. And we do everything we can to help your home stand out, and sell quickly at the best price, with no hassles. But the one thing we cannot control or change is the market.  Even though we know how valuable your home is, the value of your home from a selling standpoint will be determined solely by the buyers.  To give you a better understanding of whether or not your home is priced correctly we’ve outlined the following “Levels of Seriousness.”

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Price it Right From the Start!

Homes are selling, inventory is down and it’s crucial now more than ever to price your home right from the start.

Since your best activity occurs during the first few weeks your home is on the market, setting the right price early ensures your home being compared favorably with the competition. Once a buyer has seen your home and ruled it out, because of price, normally they don’t check back later to see if you have adjusted your price. By then, they have usually made an offer on another house and you lost your opportunity.

Setting the price, “a little higher” because you are “not in a hurry” or you may want room to negotiate may sound like a very realistic strategy but…according to the National Association of Realtors, the longer a home sits on the market unsold, the bigger the discount from the asking price the seller usually receives when the home is finally sold.

Interested in a no-obligation market analysis? Tell us about your home.

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Filed under Maryland Real Estate News