Posted 6.15.12 @ 8:10 by: Staff

You want to sell your Oakville real estate, but you’re just not sure how much you should price your home at. Choosing the right asking price can be tricky, but that’s why you need to put the Goodale Miller team of Oakville realtors to work for you. Remember that you can never make the perfect guess for prices; it will all come down to what buyers will pay for your property.

It’s a House, Not a Home

The first thing you need to do is remember that for the purposes of selling your Oakville real estate, your house is a house and not a home. You’ll be much more objective about selling your house when you’re not thinking about all of the wonderful memories and emotional attachment you have to the house itself. If you can’t do this on your own, let us help you!

Don’t Overprice Your Home

If you overprice the home you may have a hard time getting lenders to finance mortgages for buyers. Look at comparable homes in the same area, how much are they going for? Comparable homes are in the same general area, roughly the same type of home; there are many factors that can affect the price of a home so you will want to look closely at why it sold for x amount and how long it was on the market. What are the notable features about the home listed? Did the listing expire before it sold? All of these things can help you ascertain the price of the home and help you save money.

Don’t Underprice Your Home

There’s pricing a home low enough to get buyers interested, and then there’s pricing it so low that you make people suspicious about what you’re doing. You may hope to drive up the price with multiple bids by eager buyers who want to buy your home, but do you really want to count on that alone to get a fair price for your home? You deserve a real price for your house, and the last thing you want to do is undercut yourself on your Oakville real estate for sale.

Leave the Price for a Month

Once you’ve priced your home, leave it for a month. It can take a while for people to take notice of your home, and the average Oakville real estate sells within 60-90 days. You will have plenty of time to figure out what kind of price people are looking for.

If you’re just not sure how much you should be pricing your home at, consider hiring a home appraiser. The fee is nominal and it will help you get a better idea of what your home is worth instead of just trying to guess. Buyers who bid on your home will have the house appraised as part of the closing costs, so it’s better to get a heads up on what your home is actually worth instead of botching your own sale.

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