sellboji

How To Price My Home?

 

Smart, competitive pricing is essential. When you price too high, your home stays on the market longer, prolonging the process and increasing your expenses along the way.

Home Seller Mistake No. 1: Pricing Too High

 

“I can always lower the price later if I don't get any offers.”  That statement costs home sellers millions of dollars every year.

Yes, you can always lower your asking price, but that’s not a good strategy.

Time and time again, experience shows that sellers who list competitively from the start get a better price than sellers who list high and then go lower and lower.

Why? Psychology.

 

When you price too high, here's what buyers think:

“Wow, three price cuts in the last four months… There must be something wrong with that house.”

“With all the price cuts on this house, the sellers must be desperate. Let's offer them far below what they’re asking and see if they bite.”

Sound Pricing Strategies

A far smarter approach is to allow me to do a market analysis and then work together on setting the right price. We must avoid overpricing.

We look at the following two things when determining price mostly...


Similar homes, via a Comparative Market Analysis (CMA): We will provide a professional analysis that goes deep into stats about recent sales and current listings similar to your home in size, age, condition and features. Sales within the past six months are especially relevant.

General market conditions: Is it a seller's market or a buyer's market in your community? It's important to note that what's happening nationally may not reflect local conditions. We can explain the difference and clear up any misconceptions you may have.

Get In Touch

Local Expert Updates

Matt Lippon Broker Associate (Real Estate Agent)

Matt Lippon

Broker Associate

712.330.0604

712.336.4967

Amber Oberman  (Real Estate Agent)

Amber Oberman

773.308.5177

712.336.4967

Greg Sheeler Real Estate Professional (Real Estate Agent)

Greg Sheeler

Real Estate Professional

712.330.1573

712.336.4967

Aaron Jones RE/MAX Hall of Fame (Real Estate Agent)

Aaron Jones

RE/MAX Hall of Fame

712.320.9442

712.336.4967

Community Updates

Aaron Jones RE/MAX Hall of Fame (Real Estate Agent)

Aaron Jones

RE/MAX Hall of Fame

 712.320.9442

 aaron@bojihomes.com

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The "Real" Estate Blog

Browse real-time MLS listings in the Iowa Great Lakes Region Filter for specific areas and amenities Be notified when there is a new MLS listing match, status change, or price drop Stay in touch

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Matt Lippon Broker Associate (Real Estate Agent)

Matt Lippon

Broker Associate

 712.330.0604

 matt@okobojipropertygroup.com

Ries Eyecare

Milford

Ries Eyecare 2213 Okoboji Ave Milford, IA 51351 Another eyecare option in the Iowa Great Lakes area is conveniently located in Milford on Hwy 71 next door to Ingwersen Chiropractic and Healthy

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Matt Lippon Broker Associate (Real Estate Agent)

Matt Lippon

Broker Associate

 712.330.0604

 matt@okobojipropertygroup.com

AFLAC

Milford

Your local agent providing the Aflac benefit and service is Adam Roos (Milford). Aflac offers protection to families with a goal of reducing financial stress through income-loss and asset-loss

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