3 Indicators That Your Home Is Priced Right

How do you know if your home is priced right in our market? Here are my top three indicators.

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When putting their homes on the market, most sellers want to know two things: how long it will take to sell and the price that they are going to get for it.

It’s fairly easy to determine what a home will sell for when we look at recent comparable home sales in the area. At the same time, as a seller it’s very easy for you to tell whether your home will sell within a reasonable amount of time because how you price it affects the length of time it will take to sell. For this reason, I’d like to share three indicators with you to help you determine the answer to those two burning questions.

Pricing has a major impact on how quickly you’ll sell your home.

Your home is priced right if:
  1. You receive a contract within the first seven days of listing your home. In our market right now, most homes have been on the market for more than 130 days. When we crunch the numbers on this, we see that only about 20% of homes are selling. Pricing is the most important issue here, so an early offer is a really good sign.
  2. You’ve had a lot of interest on your home from agents and buyers. If buyers and agents have asked you for information about the home or have scheduled showings, you’re probably in a good price range.
  3. You’re getting second showings and receiving good feedback from buyers. If buyers are coming back and telling you that they’re considering your home among others, you are probably reaching your target buyers.
Keep an eye out for these three indicators to let you know if your home is priced where it needs to be and you’ll sell it much quicker. If you have any other questions about pricing your home or anything else related to Vero Beach real estate, give me a call or send me an email. I’d be happy to help you!