Found 2 blog entries tagged as Pricing your home.

The Columbia Valley

Pricing your home correctly is crucial for a successful sale, especially in the vibrant real estate market of the Columbia Valley.

Setting the right price from the start can be the key to attracting interested buyers and maximizing the value of your property. Here are a few reasons why pricing your home right is paramount:

1. Attracting Potential Buyers:

Pricing your home accurately ensures that it falls within the range that potential buyers are willing to pay. If your home is overpriced, you may deter interested buyers, while underpricing may lead to losing money on the sale.

2. Time on Market:

Homes that are priced right tend to sell faster than those that are overpriced. By setting the correct price, you can reduce the time your…

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Imagine you’re shopping for a used iPhone 11 that’s in good condition. You visit a resale website and discover that most are selling for approximately $350. Would you be willing to pay $400? Probably not. The market value is obviously well-established. There would be no reason to pay more.

Pricing your home for sale is similar. Your home has a market value and, if you were to list it, buyers would expect to pay close to that amount. If you price it too high, many buyers won’t even bother to see it. If you price it too low, you’ll leave money on the table.

Many factors come into play when calculating that market value – neighbourhood, street characteristics, special features, upgrades, condition, etc. However, the most important factor is…

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