Common Home Pricing Mistakes

The home pricing dilemma is one most home sellers have battled at one point or another. As a seller, you want to get the most money for your home but at the same time you have to be realistic. And that can be tricky sometimes. The CAR (California Association of Realtors) recently put together a great infographic on the 4 most common home pricing mistakes sellers make when listing their home. It’s not surprising that the number 1 mistake is pricing your home too high from the start.

When you decide to sell your home, you may have an idea of how much you think your home is worth but in reality, the only number that matters is what the market thinks your home is worth. This can be hard for buyers to accept, especially if they’ve put a lot of money into the home or they need to sell it for X in order to come out ahead. Unfortunately, buyers don’t usually care how much you need to make on the sale, they want the best, most fair price for the home.

home pricing mistakes

As you can see, by not listing your home at the correct price from the start, you can do a lot of damage. Buyers tend to be turned off by homes that are listed way above market value and will move on to a different property even your home would have been perfect for them. These homes end up sitting on the market for far too long and in many cases, winding up selling for less than they would have if they’d been priced correctly from the start.

Selling a home is an emotional experience, especially if you’ve put a lot of money and heart into your home but the best strategy is to list your home correctly and competitively from the start.

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