sellboji

How To Price My Home?

 

Smart, competitive pricing is essential. When you price too high, your home stays on the market longer, prolonging the process and increasing your expenses along the way.

Home Seller Mistake No. 1: Pricing Too High

 

“I can always lower the price later if I don't get any offers.”  That statement costs home sellers millions of dollars every year.

Yes, you can always lower your asking price, but that’s not a good strategy.

Time and time again, experience shows that sellers who list competitively from the start get a better price than sellers who list high and then go lower and lower.

Why? Psychology.

 

When you price too high, here's what buyers think:

“Wow, three price cuts in the last four months… There must be something wrong with that house.”

“With all the price cuts on this house, the sellers must be desperate. Let's offer them far below what they’re asking and see if they bite.”

Sound Pricing Strategies

A far smarter approach is to allow me to do a market analysis and then work together on setting the right price. We must avoid overpricing.

We look at the following two things when determining price mostly...


Similar homes, via a Comparative Market Analysis (CMA): We will provide a professional analysis that goes deep into stats about recent sales and current listings similar to your home in size, age, condition and features. Sales within the past six months are especially relevant.

General market conditions: Is it a seller's market or a buyer's market in your community? It's important to note that what's happening nationally may not reflect local conditions. We can explain the difference and clear up any misconceptions you may have.

Get In Touch

Local Expert Updates

Matt Lippon Broker Associate (Real Estate Agent)

Matt Lippon

Broker Associate

712.330.0604

712.336.4967

Janie Eick Real Estate Professional (Real Estate Agent)

Janie Eick

Real Estate Professional

712.339.0574

712.336.4967

Amber Oberman  (Real Estate Agent)

Amber Oberman

773.308.5177

712.336.4967

Greg Sheeler Real Estate Professional (Real Estate Agent)

Greg Sheeler

Real Estate Professional

712.330.1573

712.336.4967

Community Updates

Greg Sheeler Real Estate Professional (Real Estate Agent)

Greg Sheeler

Real Estate Professional

 712.330.1573

 greg@okobojipropertygroup.com

Great Lakes Cinema 7

Spirit Lake

If you're in the mood for a movie, this is the place to go! They've recently updated all of their seating, so its comfier than ever to enjoy a movie here! They offer daily snack and drink specials, as

More Info
Greg Sheeler Real Estate Professional (Real Estate Agent)

Greg Sheeler

Real Estate Professional

 712.330.1573

 greg@okobojipropertygroup.com

Boji Toes

Arnolds Park

If you're visiting the lakes area, and want to be pampered, Boji Toes gives the best pedicures in town! Also offering manicures, from traditional to shellac, as well as waxing, they really take

More Info
Greg Sheeler Real Estate Professional (Real Estate Agent)

Greg Sheeler

Real Estate Professional

 712.330.1573

 greg@okobojipropertygroup.com

Kurio Kastle

Spirit Lake

This place is one of the most fun businesses in the lakes area for kids, or adults who are creative, and likes to paint! Kurio Kastle is a pottery painting "palace," for anyone and everyone! You pick

More Info

Subscribe To Our Newsletter

The newsletter is sent periodically and will updated you on the latest real estate news and offers.

Your browser is out-of-date!

Update your browser to view this website correctly.

Update my browser now

×