How To Avoid Over Pricing Your Home in Omaha or Council Bluffs

How To Avoid Over Pricing Your Home in Omaha or Council Bluffs
Homes By Chris Harter: Your Local Council Bluffs and Omaha Real Estate Agent, Call: 402-378-9462 or www.homesbychrisharter.com

Selling your home fast in Omaha or Council Bluffs takes a lot of time and energy to get everything ready for the market, and pricing your home competitively is part of the process. In order to make sure your home sells quickly in Omaha or Council Bluffs for the right amount, we’re ready to show you how to avoid overpricing your home in Council Bluffs or Omaha.

HIRE A Local Omaha and Council Bluffs Real Estate AGENT

The first big step to ensure you price your home accurately is to hire a qualified and experienced real estate professional in Omaha and Council Bluffs to help when pricing your home for sale in Council Bluffs or Omaha.

Before you choose, meet with a few in order to discuss your home and get a feel for if the local Omaha and Council Bluffs realtor will be a good fit for you and your property. This gives you the perfect opportunity to ask any questions.

Having the right top real estate agent in Omaha and Council Bluffs alongside you through selling your home fast in Omaha and Council Bluffs will make a huge difference from start to finish, and speaking with several realtors and finding someone you are comfortable working with is extremely important and will make the entire experience more enjoyable.

RESEARCH OTHER SALES

Once you’re ready to try zeroing in on the right price for your home, the best way to handle pricing is the same way a local Omaha and Council Bluffs real estate agent would: neighborhood comp with the multiple listing service (MLS).

Neighborhood comps – short for neighborhood comparable sales – is the process of researching the sale prices of any homes in your surrounding area that are similar to your own. By seeing how much these homes have sold for, it gives you a much clearer picture of what to expect and to avoid overpricing your home.

Keep in mind that those buyers will likely do the same thing to have a good idea of how much to bid on your property.

ADD IN FLEXIBILITY

While neighborhood comps help establish a sort of baseline expectation for pricing your home, there are some factors that are a little more fluid.

First, the real estate market is not unlike any other financial market, and it fluctuates regularly. This is affected by all kinds of factors, including real estate interest rates, inflation, and local land values.

Considering everything that is involved, understand that buyers are extremely likely to bid under your asking price. This means mentally and emotionally preparing yourself for those bids, and then letting your local real estate agent in Omaha and Council Bluffs assist in negotiating to find a common ground.

CONSIDER YOUR UPDATES

Through the years of living in your home, chances are you took it upon yourself to do some updates and upgrades.

Some of these may have left you feeling very satisfied, but beauty is in the eye of the beholder. Potential buyers may be happy with any upgrades you spent your time and hard-earned money on, but that doesn’t mean they’re wanting to pay substantially more for them.

Return on investment – or ROI – is the key to remember here, and there are very few areas in your home that will provide a positive boost to your sale price.

If you’re wanting to find that one magical area in your home to boost the sale price, focus on your kitchen. It’s common to spend a good amount on renovating a bathroom or finishing a basement only to find out you are overpricing your home in the end.

KEEP IT PROFESSIONAL

The last big tip to remember to prevent overpricing your home is to keep things professional.

This means trying to be as objective as possible, and putting yourself in a buyer’s shoes to see how your sale price feels. It’s very easy for you to overestimate the value of your home because it means more to you than the potential buyers coming in and taking a look.

Try a price on while removing your personal feelings about your home to get a better perspective on the overall situation.

Help to Avoid Over Pricing Your Home in Omaha or Council Bluffs

There are few things as damaging to the sale of your home as pricing it unrealistically. If you think you may be overpricing your home, contact Chris and her team at Homes By Chris Harter today at 402-378-9462.

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