Finding the List Price “Tipping Points”

 

Setting the right list price for a home is a mystery for many sellers. How do you begin to determine what buyers are likely to pay for your property? After all, no two homes are exactly alike.

 

Yet, setting the right price is crucial. You need to avoid the two price “tipping points” that, if crossed, can cause you a lot of problems.

 

The first tipping point is a price that’s low enough for buyers to begin thinking something is wrong. They wonder, “Why is your price so low? What are you not telling us about your property?”

 

But that’s not even the worst problem with this tipping point. If you do get offers at that low price, you’ll have a bigger issue – leaving thousands of dollars on the table.

 

The other tipping point is setting your price so high it discourages buyers from giving your listing a second look. When your price is that high, you’ll get few enquiries and even fewer people coming to see your property.

 

Of course, you can lower your price later, if necessary. But experience shows that reduced prices make potential buyers skeptical. Most sellers who price high in the hopes of getting a windfall actually end up selling for much less than they would have if they had priced their properties correctly in the first place.

 

So what’s the right price to list your property? The answer is somewhere in-between those two tipping points.

 

Call today for help determining the right price for your property.

 

Looking for a good REALTOR®? Looking for more ideas on making smart decisions when selling or buying a home? Call Donna at The Barrie Home Hunter Team today.  Follow us on FacebookInstagram and Pinterest

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I have sold a property at 50 Woodcrest Road in Barrie.
3+1 Bedroom 3 Bath with 4500sqft Living Space over 2 Levels. Elegant attention to detail nothing overlooked. Located in sought after Allandale. Captivating clear views to the Bay & City skyline from entire rear elevation. Close to downtown, waterfront and marina. Walnut floors, granite counters and so much more. Private, landscaped, level pool size yard, w/ hidden vegetable garden. No views to neighbors below. This home suits every buyers needs whether main floor living for retirees, growing family or young couple who entertain. Excellent Location, close to the 400 for easy highway access.
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I have listed a new property at 50 Woodcrest Road in Barrie.
3+2 Bedroom 3 Bath with 4500sqft Living Space over 2 Levels. Elegant attention to detail nothing overlooked. Located in sought after Allandale. Captivating clear views to the Bay & City skyline from entire rear elevation. Close to downtown, waterfront and marina. Walnut floors, granite counters and so much more. Private, landscaped, level pool size yard, w/ hidden vegetable garden. No views to neighbors below. This home suits every buyers needs whether main floor living for retirees, growing family or young couple who entertain. Excellent Location, close to the 400 for easy highway access.
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