What’s the Best Pricing Strategy?
Miami Beach, FL (PRWEB) August 4, 2008 – If it’s priced right, it sells. Fizber.com breaks down three important strategies to price a home in a buyer’s market.
“Your asking price is often your home’s “first impression”, and if you want to receive the most money you can for your home, it’s imperative that you make a good first impression,” says Julia Foster of Fizber.com.
To make the first impression count some savvy sellers are now taking dressing up the family home to a new level — parking shiny luxury cars in the driveway. Parking a brand new flash BMW in the driveway is hardly subtle, but it works and helps boost a house price by as much as 10 per cent.
Homeowners who want to improve their odds of finding a buyer should also consider these three pricing tips.
1. Study your market
“It’s tough being the seller in a buyer’s market,” says Julia Foster. “But you can get the best price come down if you study your market and become an educated seller.” Look at comparables for similar houses. Study prices and sales for one year ago, six months ago, three months ago and current numbers.
2. Use precise numbers.
People associate precise numbers with bargains. If a house should sell for around $200,000, then offering a round number like $195,000 will convey quality and willingness to negotiate, and choosing a higher but precise number like $195,650 would indicate a bargain.
3. Rebate your “commission.”
If you are selling it yourself, consider subtracting half of what would have been the commission from the sale price, says Foster. Listing a home for $10,000 under that value should create higher interest, especially if it’s new to the market.
If sellers really need extra assurance, they can hire a professional appraiser. An appraiser will cost approximately $250-400, depending on a home size and uniqueness of the property. An appraisal from a certified professional appraiser will be an estimation of a property’s fair market value.
About Fizber.com
With home listings throughout the United States, Fizber.com strives to connect buyers and sellers more effectively. The site offers to list for-sale properties on a multiple listing service for a $349.95 flat fee, to submit property ads to a variety of property search engines for a $299.95 flat fee, and a package of both services for $499.95. Prospective homebuyers can browse property database, available at Nashville, TN homes for sale.
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