Posted 7.11.12 @ 9:35
Pricing your Oakville home for sale is hard at best, but it doesn’t have to be! One of the best decisions you can make is having the Goodale Miller team on your side to help you through the pricing process. Here we’re going to talk about how pricing works, how you can get the most out of your property and what the benefits are. Finding the magic number will be hard, but it’s well worth the effort.
Sell Your Property Faster
Selling your property faster means finding the right number to sell it at! You’re going to need a number that benefits you and gets your home maximum exposure. If you price your home too low you may alienate buyers with thoughts like “Why are they pricing it so low?” or “What is wrong with the house?” If you price the home too high, people will laugh it off and keep looking. Buyers are in a certain area looking at Oakville real estate because of a price and a standard of living. If you dip too low or too high, people will pass you by.
Easier to Market
A home that’s easier to market is always a benefit. We’ll put your home on something called the MLS or Multiple Listing Service. This means that your home will appear on Realtor.ca and you’ll be able to get more people looking at it; other realtors that people have hired to buy a home will be able to find your home in the list and schedule showings for their clients. Making your home easier to market means people will be able to find it faster and easier.
Make Buyers Compete
With an appropriately priced property you’re going to be able to generate a myriad of competing offers; they may start out as lowballing offers but as time goes people get more involved and are willing to pay more. Some realtors will suggest pricing your home far below market price, hoping that many people will put in competing offers that will help boost the price. In reality though, it’s best to get your home as close to market price as possible (maybe a little less, but not too much) so if you only get one offer it’s still a good offer!
How to Price Your Home
Pricing your Oakville real estate means having help, having someone on your side who can run analysis to see what people have paid and are willing to pay in your area. Whether it's North or South Oakville homes for sale, each neighbourhood is different, and with us on your side you’ll get all the information you need to price your home appropriately! Using a realistic sales price will help you draw offers, but it also helps you manage your expectations. Before you put your home on the market you may want to hire an appraiser to help you get an idea of what your home is really worth. Remember that they work in increments of $500, so you might come out with a value that isn’t quite round.