DON’T MAKE THESE MISTAKES WHEN PRICING YOUR HOME
Deciding how much to ask is one of the most important decisions when selling your home.
Here are some pitfalls to avoid.
MISTAKE 1: OVERPRICING YOUR HOME
Setting a high asking price can backfire. Buyers
are reluctant to make offers on clearly overpriced
homes. And the longer a home sits on the market,
the more it takes on the stigma of a property with
MISTAKE 2: RELYING ON BAD DATA
Some home values you find online may be based on
incomplete or inaccurate data. REALTORS® and real
estate appraisers are your best sources for real
estate data and pricing information.
MISTAKE 3: COMPARING YOUR HOME
TO THE WRONG PROPERTIES
Your house may be worth more or less than a
similar house in a different neighborhood. In
addition to location, other factors that affect price
include property condition, size, and features.
MISTAKE 4: FACTORING IN YOUR
EMOTIONS OR FINANCES
Buyers won’t pay more for the fond memories you
have of your time in your home. They also won’t
take into account your financial situation. All that
matters is what the home is worth to them.
Your Texas REALTOR® can help you determine a price to help you sell your home and meet your goals.
Texas Association of Realtors