Ignite FB Tracking PixelIs Your Residence Underpriced? - Lynn Ganster, PA
Morris Williams Realty
Is Your Residence Underpriced?

by Lynn Ganster, PA 12/31/2018

As a home seller, you likely want to set a "fair" initial asking price for your residence. Because if you fail to do so, you risk pricing your home outside of your target buyer's price range. Perhaps even worse, you risk pricing your house too low – something that may cause you to miss out on the opportunity to maximize your home sale earnings.

Ultimately, there are lots of things that you can do to ensure you establish a fair initial asking price for your residence, and these include:

1. Study the Local Housing Market

For home sellers, it is important to perform plenty of research before you list your residence. If you assess the local housing market closely, you can obtain insights that you can use to set a fair initial asking price for your home.

Evaluate the prices of available houses in your city or town that are similar to your own. This will help you determine the price range for comparable houses in your area.

Also, find out how long some of the recently sold houses in your city or town were available before buyers purchased them. This can help you differentiate a buyer's market from a seller's market so you can price your house appropriately.

2. Conduct a Home Appraisal

A home appraisal delivers immense value, as it enables you to receive a property valuation. Once you have a property valuation in hand, you may be better equipped than ever before to determine how to price your house.

In addition to a home appraisal, you may want to conduct a house inspection as well. During a house inspection, a property expert will review your home and identify any underlying issues. You then can use a house inspection report to prioritize home repairs and upgrade your residence before you add it to the local real estate market.

3. Work with a Real Estate Agent

As you search for ways to get the best price for your home, you may want to hire a real estate agent. In fact, if you have a real estate agent at your side, you can receive comprehensive support throughout the house selling journey.

A real estate agent will learn about your home and help you determine exactly how to price it. Next, he or she will promote your residence to buyers. And if a buyer submits an offer to purchase your residence, a real estate agent will help you decide whether to accept, reject or counter this proposal.

Furthermore, a real estate agent is a home selling expert who is happy to share his or her housing market insights with you. If you ever have concerns or questions as you navigate the house selling journey, a real estate agent can address them.

Setting the right price for your home sometimes can be difficult. Thanks to the aforementioned tips, you can establish a fair initial asking price for your residence. As a result, you may be able speed up the home selling journey and optimize your house sale earnings.

About the Author

Author
Lynn Ganster, PA

It all began when I was 18 years old and my soon to be husband and I were searching for our first home. I loved the idea that I could be part of someones life experience but I had a life to live before acting on that idea! I never knew much about the industry, but after seeing the process firsthand of a difficult transaction my husband and I were involved in and how important each part of the ordeal was for both my husband, myself, and the owner, I knew it was something that I wanted to be a part of. Of course, I didn’t pursue real estate until I was finally able to dive in back in 2004, but it’s been a passion for as long as I can remember.

I can sit here and tell you that I have strong negotiating skills, local market knowledge, and so forth – and of course, I do – but one thing I want to share with you, the thing that is the most important tool I can provide you in your home sale or purchase is my passion. I didn’t get into the industry to make money. I got into the industry because I fell in love with it. I fell in love with homes, the character each one had, and the beautiful people I got to help transition from one home to another. I fell in love with hearing people's stories, really getting to know their needs for their futures, and focusing on ensuring that they found a home that actually met those future goals.

Real estate can be a stressful thing, moving out of a home you’ve known for years can be hard, and it can be harder if you don’t have someone to partner with who doesn’t take the time to understand that. My business goes beyond the professionalism I can bring to the table, my years of knowledge about our local market and communities, and past the number of sales I’ve made thus far. Instead, it prioritizes you. How much can you afford? What motivates your move? What do you HAVE to have to make this big transition in your life?

You need a real estate agent who understands that, and seeks to know the answer to those questions, and all of the other important ones that make buying and selling a reality for you. Let’s grab coffee or lunch, on me, and we’ll talk about your real estate goals. I’ll get to know your needs, I’ll share the amazing experience I can provide, and we’ll make sure your next move is in the right direction. You need more than a computer to find your dream home, you need a professional partner who has your best interest at heart from the moment you call to even after we close. I’m doing more than just selling houses in Florida, I’m helping you bring your dream home to life.