How Should You Set Your Home Price? Home Pricing Strategies for Sellers:
Posted by Frank Polsinello on
Pricing your home is one of the most important decisions you will make when selling it. Your asking price becomes equivalent to naming a starting point in negotiations, so getting this right can set up an opportunity for success that might otherwise go unnoticed or unappreciated by potential buyers who come across what they think are too-high prices even if those same homes are well priced!
To help prevent any surprises during a buyer's home hunt (and perhaps even entice more buyers), here are three common strategies:
Strategy #1: Price Below Market Value
Pricing low can be an effective way to generate interest in your home, with the hopes that multiple Buyers want to make offers on it. You set up this "bidding war" by setting the price at…
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