How To Price Your Charlotte NC. Home Correctly

Pricing your home to sell form the onset is crucial in today's market. Buyers still have plenty of choices to choose from when it comes to looking at homes. So, making sure you have your home priced correctly can make the difference in selling your home in 30 to 60 days or 180 to 200 days. But how do you know if your home is priced right? Sellers do not want to price their home to low and feel they lost money that they could have received if it were priced higher. But are there are ways to know if the Realtor you chose or choose is helping you price your home correctly or not. There are some things to look for in the pricing strategy that can help you decipher what is a fair price to list your house at: First, sold comparable. You have to factor in updates and condition and adjust for square footage and features. The ideal situation is to find the most recent and work back at least 3 months, then go back six months. In some cases I have even gone back a year. This helps me see what the trend is in the neighborhood. Is it going up or down. Second, I always go back and look at the days on the market, what the original asking price was, and the asking price was when the offer was negotiated and agreed upon. Those are good indications on how to price your home to sell. Third, is the difference between the asking price and the agreed upon selling price. What percentage off the asking price did the seller settle for? Take that percentage and add that back intot he average sold price. When you take all three of those things and configure a price off of that you can get a realistic expectation as to what the asking price should be and what you can realistically expect to receive for the house as well as how long it will take to sell the house. Of course there are other factors to take into account as well….but this is a good gauge to get an idea of what to expect on a sale price and how to price your home correctly form the onset. Dave diCecco Realtor/Broker www.davedicecco.com