Choosing the Right Listing Price

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When selling your DC Metro home, price is everything. All home sellers will want to earn top dollar, but it is absolutely crucial to do the right research when it comes to pricing your home. In some cases, you may have to drop your price to attract DC home buyers. Here are a few signs to recognize where it might be a good idea to bring your home price down. Bethesda Maryland housing market

Knowing the Neighborhood

A smart home seller knows what’s happening in the DC real estate market. That being said, what are homes selling for in your neighborhood? If you don’t know the answer, this is a good time to check out home seller reports to find out if your asking price is in line with similar homes. Smart home buyers will have done their research of the neighborhood, and probably have an idea of what price ranges for your neighborhood. If your home is significantly out of that range, buyers are likely to look elsewhere.

All About the Home Buyers

The number of potential home buyers to your home may be a good indicator of whether your asking price is too high. For instance, a high listing price might scare off many buyers and discourage them from taking a look. If many people have seen your home, but have not made offers, they might not think the inside of the home matches the price you’re asking for.

Do Your Think Your Home Is Worth More Than It Really Is?

Most sellers have a certain amount of pride in their Washington, DC home for sale. But just because your home is for sale doesn’t mean someone has to buy it. Often times, home buyers may have expectations for a home that yours doesn’t meet. If needed updates or repairs are standing in the way of a potential sale, and you don’t have the means of accomplishing these updates, consider lowering your price.

Home Selling in Washington, DC

If you’re wondering what price to list your home for, get in touch with our agents at The Estridge Group. We can provide you with in-depth information on DC home selling, so you can get your home off the market for a good price. Contact us today for answers to your home selling questions.