• June 26, 2017

Money Talks, Strange Prices Walk

Proper Price 2

Money Talks, Strange Prices Walk

When setting an asking price while selling your home, you may feel inclined to come up with an exact figure rather than simply rounding off. While your home likely has many outstanding rooms and features, each with its own apparent price value, it is important to not delve too much into the specifics when creating an asking price. Below are critical points to consider when setting a price for your home.

Save Time
While you likely want to squeeze every possible dime out of your home, this process can prove to be lengthy and unnecessary. People literally make careers out of understanding the exact market value of various elements in your home. Unless you have plenty of free time, this process is a daunting challenge to any home owner. In addition, the time you spend trying to come up with an oddly specific price for your home could be spent preparing your home for staging or fulfilling some other part of the selling process. While you should have a firm idea of what your home is worth, strange prices will simply end up doing more harm than good.

Avoid Skepticism
Buyers who are confronted with a strange price can often become perplexed with the reasoning behind the price. Instead of viewing your home with an objective outlook, they will begin to examine the home in an attempt to understand the reasoning behind your strange price. This is certainly now the mindset you want from a potential buyer. By setting a price which makes sense, instead of an oddly specific or off the wall figure, buyers have a greater chance of viewing it with an open mind and financial optimism.

Rounded Figures Make More Sense…
When a buyer looks at a list of homes, they typically see prices which are rounded off to the nearest hundred or thousand. For example, a home that is specifically valued at $457,742 will likely be listed at $458,000 in order to make the figure seem more cut and dry for potential buyers. While this not only provides the seller which more money, this type of price will attract a buyer by saving their time and not forcing them to be hung up with a strange figure.

…And Are More Attractive
If you look at any home posted on the web, you will likely see a nice, rounded price. These types of prices tend to attract buyers because they do not seem as a complex or cluttered, a subconscious phenomenon in the human brain. Think about any trip you have ever made to a convenience store or supermarket. Most of the prices you see will be listed to a rounded dollar amount ($10.00) or one cent of the dollar ($9.99). You can apply this same concept when you sell your house. While you might not want to list your home at $500,000, you can always opt to price it at a figure like $499,000.

Make More Money, Expedite the Selling Process
By avoiding strange prices when selling your home, you will find yourself in a position to ask for more money while increasing your chances for a potential sale. These are two opportunities any home seller should look for in today’s market!

Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-908-7293 or visit https://josephlewkowicz.com/