Do you want to sell your home for more money and in the least amount of time? The price at which you choose to list your Atlanta home for sale is a huge factor in reaching these two accomplishments in a successful sale. One of the biggest mistakes some sellers make is pushing the list price beyond the current market to an unrealistic number. You might think listing it for more will get you more in return, but in most cases this isn’t the case. Let’s take a look at why…
#1- Comparative Properties
Being aware of the current market is the most important factor in determining your home’s price. It’s normal to become attached to your home and feel it’s “the best around”, but have your realtor look at comparative properties in the area. Are homes in your neighborhood similar in size and features? See how others are being priced on the market and price your home competitively.
#2- Price Brackets
When buyers search online or with their agent, they predetermine which price bracket they’d like to stay in for their budget. If you push your list price beyond a typical price bracket your home may not even be seen by an entire group of buyers in the first place. For example, you decide to list your home at $515, 000, but there are so many buyers whose max budget is $500,000. You risk loosing out on all of those potential buyers. Talk to your agent about which price brackets fit your home’s value best.
#3- Competing Buyers
One of the most ideal situation a seller can encounter is having multiple buyers competing for your home. This tends to drive the price up, many times higher than list price. Pricing your home competitively according to the market increases your chances of a bidding war, and potentially selling for even more than you thought.
Are you ready to sell for top dollar?
It is a seller’s market in Atlanta, meaning there are more buyers than there are homes for sale. This is the perfect time to list your home, because buyers are forced to compete for these homes as soon as they become available. At some point the market will change, so don’t miss this opportunity to get the most for your home.