Elva Wormley

Mortgage Consultant • San Jose, CA

  • About
    • About Elva
    • Privacy Policy
  • Resources
    • First Time Home Buyer Tips
    • First Time Home Seller Tips
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage Glossary
    • Mortgage FAQ
  • BestHomeLoanAdvice.com
  • Apply
  • Blog
  • Contact

Three Reasons Why Setting Your Listing Price is the Most Important Aspect of the Home Sales Process

October 16, 2014 by support

Three Reasons Why Setting Your Listing Price is the Most Important Aspect of the Home Sales ProcessHave you decided to sell your home, perhaps to make an upgrade to a newer, larger house? Whatever your reasons for selling, you’ll have a number of decisions to make as you craft your listing and begin receiving offers from buyers but few are as important as your initial selling price.

Let’s take a look at three reasons why setting your listing price is the most important factor in your home sale.

Reason #1: You Can Scare Off Potential Buyers With A High Price

You’ll receive the majority of your buyer interest in the first few days and weeks after you place your home up for sale, so it’s critical that your price isn’t set so high that it scares a number of buyers off.

While some sellers believe that it’s better to price high and let buyers submit lower offers, this can actually work against you. It’s better to have your home priced fairly from the beginning as you can always refuse offers that you deem are too low.

Reason #2: Your Price Directly Impacts How Long Your Sale Will Take

If you’re interested in seeing your home sell quickly it’s going to be in your best interest to have it priced competitively. Buyers will be shopping around for similar homes in your community and if there are other listings with lower prices on the market you may find it takes you a while to get your home sold.

Also, if you do find a buyer that is interested they’ll likely try to enter into price negotiations with you which can extend the length of the sale by a week or more as you go back and forth to reach an agreement.

Reason #3: A Low Price Means Leaving Money On The Table

While pricing too high can cause issues with your sale, pricing your home too low isn’t going to benefit you either. While you’ll likely find that you receive a high number of offers very quickly, you’ll end up leaving some of your home equity on the table – equity that you could easily have realized as buyers would have been willing to pay the difference.

Spread the Love!

Filed Under: Home Seller Tips Tagged With: Home Sales, Home Sales Tips, Home Selling

Elva Wormley

Contact Elva

Mortgage Consultant

C2 Financial Corp Logo
elva@ewormley.com
NMLS #331981 • BRE #01274093

  Personalized Rate Quote →

Connect with Me!

Let’s Keep In Touch!

  • This field is for validation purposes and should be left unchanged.

Today's Rates

This licensee is performing acts for which a real estate license is required. C2 Financial Corporation is licensed by the California Bureau of Real Estate, Broker #01821025; NMLS #135622. Loan approval is not guaranteed and is subject to lender review of information.

Loan is only approved when lender has issued approval in writing. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender.

http://www.c2financialcorp.com
www.nmlsconsumeraccess.org

The services referred to herein are not available to persons located outside the state of California.
C2 Financial Corporation is approved to originate VA and FHA loans, and has the ability to broker such loans to VA and FHA approved lenders. C2 Financial Corporation is not acting on behalf of or at the direction of HUD/FHA or the VA.

The Latest Articles

  • 4 Important Reasons Why You Should Consider Buying A Green Home
  • Newest Home Pricing Data Shows Homes Becoming More Attainable Across The Country
  • Home Buying Power Remains In Motion Depsite Rising Mortgage Rates
  • NAHB Reports Lowest Builder Confidence Reading Since 2014
Equal Housing Lender

Browse Articles by Category

Our Location

1930 Camden Avenue, Suite 1B
San Jose, CA 95124

Copyright © 2021 · Powered by MySMARTblog