Pricing your New York home for sale is a crucial step in the selling process. You want to make sure you’re getting the best price but also want to sell quickly. With the housing market in New York and around the country shifting so dramatically over the last year, it can be tough to know just what price to choose. That’s why we’ve compiled these seven strategies to help you correctly price your home for sale from the start.
Research comparable home sales
Look at comps – homes that are similar to yours in terms of size, location, and features. This will give you an idea of what homes like yours in your area are selling for. You can do this by searching online for recently sold homes, or by relying on your Keller New York agent to provide you with a report of comparable home sales.
Look at the current market conditions
Pay attention to the current market conditions in your New York neighborhood. How quickly are homes selling? How long are they staying on the market? Did any of the homes have price reductions during the selling process? These are valuable clues that will help you determine the proper selling price for your New York home.
Consider your home’s unique features
Your home may have unique features that set it apart from other homes in the area. For example, if your home has an outdoor living area or a finished basement, these features may add value to your home and justify a higher price.
Factor in your personal situation
If you’re in a hurry to sell your home, then you may need to price it more competitively to move it quickly. On the other hand, if you’re not in a rush and can afford to wait for the right buyer, then you may be able to ask for a higher price.
Set a price range
Once you have all this information, you can set a price range for your home. It’s always a good idea to give yourself some wiggle room by pricing your home slightly higher than you expect to get so that you have room to negotiate with potential buyers.
Test the market
Once your home is listed, pay attention to how buyers are receiving it. If you’re not getting many showings or offers, then it may be because your home is overpriced. If this is the case, you may need to adjust.
Finally, be open to negotiation and be prepared to make some concessions. If a potential buyer is interested in your home but is hesitant because of the price, consider offering to pay some of their closing costs or make other concessions to help seal the deal.
Contact Keller New York today
Pricing your home for sale is a complex process that requires a thorough understanding of the current market conditions, comparable home sales, and your home’s unique features. Our team of real estate agents has the knowledge, experience, and tools to help you price your home correctly and will also be able to give you an expert opinion on the current market conditions and comparable home sales. If you’re ready to buy a New York home, then contact the Keller New York Bronx office at 718-697-6800 or the Eastchester – Scarsdale office at 914-713-3270. Our team has expert knowledge of New York real estate and can help you reach your real estate goals. Contact us today!