Selling is a big decision. And especially in a tightening market, you need proven ways to sell a home in Markham. But there are things you can do to make sure you get the price you need. Many home sellers fear that, if they list their house, they’ll end up leaving money on the table.
In this guide, we’ll give you tips and strategies to make sure you get top dollar and sell fast. We also have a FREE report for you with more tips. You can order a copy of “Your Home Sold at Your Price Guaranteed,” for free right now.
You Should Have a Pricing Strategy For Your Home
Setting the right pricing strategy is crucial for home sellers in Ontario. Start by researching the local real estate market. Make sure to consider comparable properties (comps) to determine a realistic price range for your home. Most of the time, you should avoid overpricing, as it may deter potential buyers. Be strategic with your pricing range to allow for flexibility in negotiations.
It’s also important to consult with a real estate professional. They can provide valuable insights and guidance in setting the right pricing strategy. Stay open to adjusting your pricing strategy based on market feedback and buyer response. Let’s look at four different strategies home sellers may choose to use.
Four Pricing Strategies for Proven Ways to Sell a Home in Markham
Overpriced
This pricing strategy involves setting a high asking price. It will be significantly higher than the current market value or comparable properties in the area. The intention is to leave room for negotiation and potentially secure a higher offer. However, overpricing can be risky as it may deter potential buyers. They will likely perceive the home as overpriced and quickly move on.
Somewhat Overpriced
This pricing strategy is similar to the first but less extreme. Your price will be only slightly higher than the current market value or comparable properties in the area. The goal of this strategy is to leave enough room for negotiation – but without scaring away potential buyers.
This works for sellers willing to negotiate but who still want to test the market for a potentially higher offer.
Priced Correctly at Market Value
This pricing strategy involves setting the asking price of the home at the current market value. The intention is to attract potential buyers who are actively searching for homes within the market value range. This strategy is considered relatively conservative and may appeal to a wider pool of potential buyers.
Priced Below the Fair Market Value
This pricing strategy sets the asking price of the home below the current market value. The intention is to create a sense of urgency among potential buyers and generate multiple offers. This can potentially result in a bidding war, driving up the final sale price. This strategy may be suitable for sellers who are looking for a quick sale. These sellers are also typically willing to accept lower offers in exchange for a faster transaction.
Want Help? Give Our Team a Call!
Whatever your pricing strategy, you can find proven ways to sell a home in Markham. And we’ll help! The MEandANG Team at Your Home Sold Guaranteed Realty Specialists has been helping home sellers like you for years. When you list a home with our team, we’ll take care of everything. We’ll help you value your home and set the right price to sell.
Plus, we also offer an exclusive Guaranteed Sale Program. This will keep you protected and allow you to sell risk-free. Plus, don’t forget to order your free report: “Your Home Sold at Your Price Guaranteed.”
If you’re ready to start or if you have questions, let us know. Use the form below or give us a call at (905) 503-7653.
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