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


I have sold a property at 8 COWDRAY PARK LN in MIDHURST.
An extraordinary family home found on a stunning 100' x 178' lot situated in Midhurst, with a small town feel, yet near all the city amenities you need a short distance from Barrie. This remarkable 3+3 BR 2.1 Bath executive raised bungalow is finished with impeccable taste and style. Enjoy over 3700 sqft of finished living space featuring a stunning kitchen, inviting family room with a wood fireplace and a fully finished basement with additional bedrooms and rec room. This home is perfect for the growing or extended family. This family home features a beautiful master bedroom and two additional bright bedrooms on the upper level. Each bedroom boasts large casement windows, hardwood floors and huge closets with custom organizers. The lower level offer 3 more bedrooms, large rec room, laundry room with inside garage entry and a full 3pc bath. Sporting a double car garage, a long cement driveway offering parking for 6+ vehicles and additional parking for your toys... this yard does not disappoint. The fully fenced backyard features a large deck off the kitchen with gazebo, fenced dog run, and all the space you, the children and pets will need. Make this house your home today.
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