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Attention, Sellers! Price it right

My client: "Should we price it high to see what happens?"⁣

My answer: I can already tell you what's going to happen...⁣

You’ve got 3 options when it comes to pricing your home for the market: above, at, or under market value.⁣

I know pricing it high can be tempting, but keep in mind these pros and cons for each option:⁣

Above market value:⁣

+ If you have to receive a certain amount for the home⁣

- It will take longer to sell⁣

- The more days it's on the market, the worse it looks to prospects⁣

- The home may not appraise by the buyer's lender, back to negotiations⁣

At market value:⁣

+ No appraisal issues⁣

+ Buyers and agents will recognize a fair price⁣

+ Will appear on more relevant buyer searches⁣

Under market value:⁣

+ The home will receive high interest and a quick sale⁣

+ You may get a multiple offer scenario, which may include offers higher than asking price⁣

- Risk of having to sell at a lower price than market value⁣

If you'd like to see recent stats on homes like yours, just say the word. Pretty sure you'll come to the same conclusion as I did — pricing just under/at market is the way to go!

Cindy Grenier, 204-330-2567


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