Pricing Your Home For Sale

Once you put your home on the market for sale, you’ll have some decisions to make including the real estate agency that will list the home. One of the most important things about selling your home is finding the right price to sell the home at. You’d like to make  a return on your investment. On the other hand, if time is a factor in your move, you may need to be even more strategic about pricing. 

At some point, once the home has been on the market for a certain period of time, you’ll need to think of reducing the price of the home. 

Work With Your Realtor

You may not know the perfect time to reduce the price of your home, but your realtor does. As a seller, you may not be too happy about lowering the price of the home at all. Depending on the state of the real estate market, your realtor will make the right suggestions to do what they can in order to sell your home. Sometimes this includes a price reduction to make both buyers and sellers happy. 

Marketing Is Everything

Before the price is even reduced, you may need to take a look at how the home is being marketed. There’s so many pieces of the puzzle that come in when a home is being marketed. 

The home is listed in the MLS by your realtor, but is it getting hits? Have open houses been held to further advertise the home? Are the pictures of the home representative of the property and good quality? Is adequate “for sale” signage present? Is your realtor available for showing the home privately? 

These are all important things to think about when it comes to marketing the home. Your realtor is well-versed in all of these areas. The important thing for you as a seller is to be aware of just how many different avenues are available for you to get the word out about the home.

Can You Wait To Sell?

If you’re not moving due to a job change or a life transition that’s urgent, you may be better off waiting to sell the home. If the market is slow or happens to favor buyers heavily, you may want to wait and take your home off of the market for a bit. One of the most important things that you can do as a seller is to go with the flow of the market that you’re in.          

                  

Find The Right Number

When you price your home too high, you’ll need to keep lowering the price until you find the price that’s “just right.” When you use this approach, your house will sit on the market for a long time. This will be worse for you as a seller in the long run. Buyers will wonder why your home has been on the market for so long. Is there something wrong with the home? Will the price continue to drop? Really, interest will continue to wane from your home using this strategy. At this point you may just need to take the house off of the market.

In a perfect world, you only want to have to drop the price of your home once. Work with your realtor to find that sweet spot for pricing and you’ll be happy selling your home to satisfied buyers.

Another Property Sold – 9 Rita Lane Lawrence, MA

This Single-Family in Lawrence, MA recently sold for $303,000. This Colonial style home was sold by Olivares & Molina Team – Coco, Early & Associates The Olivares, Molina & Alperin Division.








9 Rita Lane,



Lawrence, MA 01843

Single-Family

$310,000
Price

$303,000
Sale Price

6
Rooms

3
Beds

1/1
Full/Half Baths

Welcome to this corner lot home in sought after Mount Vernon neighborhood! This home provides you with a fenced in yard with private deck for summer fun and ample off street parking. First level features a formal living room which leads you to a eat-in kitchen with upgraded stainless steel appliances as well as a breakfast bar. Main level offers a 1/2 bath and a spacious front to back family room with wood stove and bar for entertaining. 2nd level offers 3 spacious bedrooms and a full bath with jetted tub and ceramic tiling. Lower level offers ample storage area. Come make this home your today!

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Another Property Sold – 50 Danbury Unit 16 Methuen, MA

This Condo in Methuen, MA recently sold for $124,500. This Garden style home was sold by Olivares & Molina Team – Coco, Early & Associates The Olivares, Molina & Alperin Division.








50 Danbury,



Methuen, MA 01844

Condo

$124,900
Price

$124,500
Sale Price

4
Rooms

2
Beds

1
Baths

IVESTOR ALERT. Upper level unit with long term tenant. Close to shopping(The Loop) & easy access to major highways. This upper level condo features 2 spacious bedrooms & 1 deeded parking space with heat & hot water included in the condo fee.

Another Property Sold – 13 Norris St Lawrence, MA

This Single-Family in Lawrence, MA recently sold for $262,500. This Colonial style home was sold by Olivares & Molina Team – Coco, Early & Associates The Olivares, Molina & Alperin Division.








13 Norris St,



Lawrence, MA 01841

Single-Family

$249,900
Price

$262,500
Sale Price

6
Rooms

3
Beds

1/1
Full/Half Baths

Looking for an affordable home with lots of character? Look no further, bring your finishing touches to your Colonial style home located on a dead end street location that is within minutes of Interstate 495! Home offers a young roof with updated vinyl windows along with a oversized driveway, a two car garage and a spacious yard for summer fun! As you walk in to the home you are greeted by a quaint enclosed porch, front to back living room and an eat in kitchen with access to a half bath as well as a porch that leads you to the backyard. 2nd level offers spacious bedrooms with one bedroom that features a walk in closet. Access to unfinished attic ready for your imagination! Walkout lower level offers ample storage space. Come see you home and make it yours!

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