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Choosing the Right Price for Your Home

Posted by Leah Soares on Thursday, August 18th, 2016 at 8:39am.

Real Estate Statistics show that the best opportunity to sell your home here in the Raleigh and Triangle areas is often within the first few weeks of putting it on the market. This can be exciting, or overwhelming, depending on your personal timeline. Some homes sell right away, while others sit on the market for months without a single offer.

To maximize your selling opportunity, it is important that your home be priced right. What is the right price? Many factors will determine your home’s best asking price. Our current real estate market has a lot to do with it. Using sound judgment, research, and experience, a good agent can help you determine the right price for your home. They will help you evaluate your location, the recent sold data, current market trends, and properly highlight your home’s special features.

“I am not really in a hurry, what’s wrong with pricing my home a little high?”  If you price your home too high - most buyers won’t even bother looking at it. Over priced homes tend to sell the competition first since it makes them look like more of a deal.  Buyers believe they can go elsewhere and get more house for the money. As the house sits on the market, people will shy away from it thinking there must be something wrong with the home.

Should I under-price my home? Price it too low and you could lose thousands of dollars. There are times when you will attract multiple bidders making multiple offers, but this is only recommended when you need a faster-than-average sale.

In most circumstances, pricing your home correctly from the very beginning will net you the best results in both time and money. To find out your home’s perfect selling price, contact us for a No Obligation Market Analysis. We will take the guesswork out the entire process and suggest an accurate market price for your home. It has never been easier.

The Triangle Real Estate Group consists of experienced agents who have proven success records. Let us help you get your home sold.

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