Save Yourself Money & Unnecessary Stress by Pricing Your Home Correctly



Looking to buy or sell a home in Kansas City? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at 1-800-686-5088 for a FREE home buying or selling consultation to answer any of your real estate questions. 
 

The Importance of Pricing Your Kansas City Home Correctly

 

A lot of clients have been asking me about how important it is to price a home correctly. Out of all the variables that we encounter when selling a home, pricing has to be just about the most important part of selling a home.

I have noticed that there are 4 main variables that are encountered when you go to price your home. This includes the location of your property, the condition that it is in, how it is marketed, and pricing. Out of these 4 things, you have 3 of them in your control as a seller. As a real estate agent, I can only control how well the home is marketed and give you advice on the other three.

One way I can explain the importance of pricing a home correctly is by using an analogy. Let's say you're in the market to buy a 1963 Corvette. You know that most Corvettes are worth $100K-$115K, and the best one in the universe is worth $200K. Let's say that someone across Kansas City wants to sell one for $150,000. Most potential buyers would scratch their heads and assume that the market will work its magic and bring this price down.

It's the same thing with our housing market here in Kansas City. If you price your home in the sweet spot, you should be in great shape to sell. However, you will have to figure out what that sweet spot is for your type of property, and then get within 5-7% of that in your home price.

Buyers today are more savvy than ever
and they will know immediately if your home is priced inappropriately. They spend countless hours on the internet looking at homes, and if they see yours and it is overpriced, then they will skip over it and keep searching.

We want to make sure that you are getting the right information and using it to price your home correctly. The best price will attract buyers and make them compete over your property, where market competition over your home will then increase the sale price for your property. You have to entice buyers enough so that they are willing to spend a little extra on your home because they see such a great value in it. Also, when your home is priced correctly it will sell much quicker, which will save you a lot of money.

Hopefully this information has been helpful to you. If you are in the market to sell your home in Kansas City or Kearney, then please contact me and I can give you a free market analysis to help determine the best price for your home.

Give me a call at 1-800-686-5088 or shoot me an email at Chip@ChipGlennon.com

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