Rosemary Buerger blog

What's in a price?

Posted: August 19, 2019 by Rosemary Buerger

Everyone likes a bargain now and then, but your home shouldn't be the bargain of the week. Pricing correctly is essential in getting your home sold. So what goes into the price?

  1. Condition. The condition of your home could be the difference between full price and a lower offer. Putting the time and effort into getting your home ready can help increase activity and the amount offered by the buyer.
  2. Market History. Looking at what has happened is essential to know what the patterns have been in the neighborhood. It is not an important pricing tool, but it is vital to know.
  3. Absorption rates. Absorption rates are my absolute go-to for pricing. It is the magnifying glass look into the activity of the market down to the street you live on if there is enough data to research. It is a clear snapshot of where the market is headed.

Pricing your home correctly from the start is what will enable you to get to the sold sign quicker. An overpriced home will sit on the market for much longer.

Want more information about your home and its value? Let's chat.

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