How Are You Preventing Your Home From Selling?

Chester County Real Estate Agent Matt Fetick talks about the importance of pricing your home correctly within the right range in order to sell your home at the desired price in the quickest amount of time.

There is a wide selection of top-quality homes to choose from throughout Chester County and Northern Delaware. If you're interested in looking at all the current homes that are listed, GO HERE to perform a Full Home Search, or if you're considering putting your home on the market, CLICK HERE to obtain a Free Home Value Report. For any other questions you have regarding Chester County Real Estate or the value of your home, please feel free to call me at (610) 427-4420.

When people put their home for sale on the market, their goal is to get the most money possible in the shortest amount of time. However, this often doesn't happen. There are many different reasons homes don't sell, but most often it has to do with the price of the home.

Most sellers make the mistake of thinking they need a lot of room to negotiate with the buyer, but in reality they don't. If a home buyer comes to your home and the list price doesn't match up with what other similar homes are at, they will walk away and either forget about the home or check for price reductions. During that time, your home is just sitting there, stagnant on the market, while other homes get bought up at market value.

You don't want this to happen, so when you are going to put your home on the market, listing it somewhere within 3-4% of your expected final sale price usually leaves a lot of room for negotiation. Under-pricing your home may not be a bad strategy either, although it's risky. Often buyers will bid each other up and the market will correct the under-pricing.

Aside from pricing, the other thing that really impacts your home's value is its condition. This is the one thing you can really make a difference with. Over time, your home has become your personal living space, unique to your family. Future home buyers want to see themselves living in your home, and you do too. If they can't do that because your home isn't properly staged, your home will likely linger on the market much longer than it needs to.

If you have any other questions about things that will delay the sale of your home, please give us a call or send us an email. We would love to discuss with you how to position your property for the most money in the shortest amount of time.