In today’s real estate market, buyers look for homes sold in your neighborhood and compare it to your home. Listing your house just $5,000 too high will leave you in a negotiation and eventually bring your selling price down.
It’s important to list your house correctly from the beginning. To price your home correctly, you’ll want to perform a comparative market analysis, and check out what has sold in your neighborhood during the last six months.
Be careful though — the selling price of a two-story house that sold a year ago has nothing to do with the value of your ranch selling today, even in the same neighborhood. Pricing your home is hard to do; you need to consider bedrooms, bathrooms, and amenities to come up with a proper listing price.
In today’s market, if your home doesn’t sell in the first 30 days, you’re headed for a price reduction.
In order to avoid overpricing, contact your local real estate agent. Your sale price is your #1 piece of marketing and advertising, so it’s crucial that you start off on the right foot in the Pittsburgh real estate market. If you have questions about this, or if you need real estate assistance of any kind, please don’t hesitate to reach out to us. We would love to hear from you!