Our Experts Explore the Key Role of Pricing When Listing Homes for Sale in Wayne, PA
The latest data shows that the more your home is above market value, the less visibility you will receive on the marketplace. Many sellers across the region are facing listings issues which cause their homes to remain on the market for months. Few elements play as important a role within the sale process as the price of the home compared with its market value. We will explore how to price your Wayne, PA houses for sale effectively and strike a balance that assures a fast sales process and a strong return.
Remember that Low Pricing Can Support Multiple Bids
One of the reasons many homeowners give for their reluctance to place their homes at lower than market value is that they feel uncomfortable selling at that price. However, studies show that homes priced at just 15% lower than the average market value will receive interest from 90% of local buyers. A lower price presents you the opportunity to significantly increase the visibility of your home on the marketplace, while allowing you control over the final price. At a lower pricing level, you have more chance of attracting multiple bids from your target buyers.
Work with Your Agent to Select Pricing
Homeownerslisting their homes for sale in the Wayne, PA, market often make the mistake of trying to go their own way when choosing the price of the property. Unfortunately, lack of knowledge or experience can lead them to set the price too high initially, and then their homes spend months on the marketplace without attracting any interest. Work with your local real estate agent in the price setting process. Ask your agent to evaluate the home and consider all recent upgrades and then work together to set a price at which you are comfortable and will attract a large local audience.
Review Comparable Homes in the Area
When honing your pricing strategy, review comparable homes in the area and the prices they have sold for recently. Going through this process will give you a clear indication on the pricing levels the market will bear for your property, and will help you mitigate the challenges associated with a price that is either too low or too high for the current marketplace.
Trust Sage Realty to Help you Set the Right Price for Homes for Sale in Wayne, PA
The Sage Realty team has a great deal of experience guiding home sellers in refining their property marketing strategies. To learn more on how to effectively price houses for sale in the Wayne, PA, marketplace, or to set up a consultation, contact us today at 610-687-4000.
Tags: Homes for Sale in Wayne