Price It Like A Pro!

Have you had your eye on your dream home for a while? Are you considering taking the plunge and putting your current house on the market? Pricing your current home is the first (and arguably one of the most important) steps to turning that dream of yours into a reality. As you start to weigh your options, let the Fran Campbell Team help you get the best possible deal.

Selling your home at the Lake of the Ozarks is a multifaceted process that should not be undertaken lightly. There are several different factors that must be given lots of consideration.




Tips For Pricing Your Home

1. Get a general idea of your home's potential worth. There are several ways to go about this. Researching the asking prices of similar houses in your area or using online calculators can be great places to start. This information can be extremely varied, so be sure to get to get information from a variety of sources and average out your results.

After you get a ballpark estimate, hire a professional to appraise your home for its value. His/her appraisal will help you narrow down your range, because he/she will be able to take into account factors specific to your home, such as its proximity to the highway.

2. Know the market and think like a buyer. Your home is only worth what someone will pay for it. It is important to analyze the past and present market trends for your area. Dedicate one or two days a week to looking at similar houses near you that are also on the market. Do your best to remain unbiased - how does your house really compare to the competition?

Armed with this knowledge, you will be able to begin strategically pricing your home. Anticipate market shifts and consider factoring those changes into your asking price. Doing so correctly can give you an edge on the competition.

3. Incentivize! Now that you've finalized your baseline, you can start to consider other ways to sweeten the deal and make your home more attractive to potential buyers. If you live in a thriving market, consider cutting 10% off your asking price. This could result in a bidding war between buyers and lead to a higher finalized price than you originally would have asked for. This strategy requires every potential buyer to know of your initial price-cut, so be sure to advertise it! Your asking price should be proportional to the amenities and visual appeal your home offers, so now could be the perfect time to finish the basement or upgrade your kitchen appliances. The more appealing your home is to potential buyers, the higher your selling price can be.

Don't let the process scare you! The process of selling your home comes with a lot of different things to consider, but that doesn't mean it isn't exciting! Feel free to contact us to talk more about your options.

Contact the Fran Campbell Team to schedule a showing!

Real Estate Lake of the Ozarks : Find Your Dream Home Now! 


Popular posts from this blog

FACT VS FICTION - Living At The Lake Of The Ozarks

7 DIY Home Improvement Projects For A Rainy Day

Smart Kitchen Upgrades