The Port Orange real estate market is loaded with attractive homes for sale. What is going to help your home sell in this sluggish market? Correct and agressive pricing! The aroma of freshly baked cookies will not have same impact on selling your home as pricing. Pricing your home correctly and utilizing effective marketing can lead to a quick and profitable sale in this real estate market.
As a seller you want your home to appear as a bargain in this real estate market. Below are a few tricks you can use to help your home appear to be cheaper:
- Market the sale of your home with a very specific asking price. Instead of asking $200,000, try $199,432. Researchers say that precise numbers suggest a deal.
- Always average down. Never use a solid round number when pricing your home. Instead of using $400,000, always consider using $399,900. This small $100 difference will look cheaper to a buyer.
- When lowering your price, make it simple for a home buyer to calculate the new discount compared to the old price. Lowering the price of a property from 217, 847 to 208,359 is too difficult for a buyer to quickly calculate the new savings. This kind of a price reduction may not be interpreted positively since it's is difficult to calculate.
The bottom line is that pricing is very important when inventory is high. The current supply of homes for sale in Port Orange is at all time highs. Pricing your home correctly is one really important way to make your home stand out from all the competition.
Source: Jonathan Clements recent article on WSJ.com.