Home Seller Guide

Setting List Price

Every seller wants to realize as much money as possible when they sell their home. A listing price that is too high often gets the seller less than a price that is at market value. If your home is not priced competitively, people looking in your price range will reject your home in favor of other, larger homes for the price.

The best chance of selling your property is within the first six weeks. Studies show that the longer a property stays on the market, the less the seller will net. Here are reasons for pricing your property at the market value right from the start in order to net the most amount of money in the shortest amount of time.

Time
Every individual who is selling a Las Vegas home has a different situation. There are those that may have a job transfer and have a specific date they need to close on. Chances are that your home will sell at its fair market value. Pricing it realistically at the outset simply increases the likelihood of a timely sale with less inconvenience and greater monetary return.

Competition
Buyers educate themselves by viewing many homes. They know what is a fair price. If your home is not competitive in value with those they have seen, it will not sell. Buyers typically look at homes within a $10,000 price range, it very likely will not be exposed to its potential or targeted buyers.

Reputation
Over-pricing causes most homes to remain on the market too long. Buyers, aware of a long exposure period, are often hesitant to make an offer because they fear “something is wrong” with the house. Often homes that are on the market for a long time eventually sell for less than their fair market value.