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Furthermore, there are three pricing strategies you could use to sell your home. Let's say your home is in an area where the sales price runs from $950K to $1 million.
- Price your home high and leave room to negotiate. You could list your home at $1.2 million to test out the market. Keep in mind that the first three weeks the home is on the market are the most critical time to sell or get an offer. After those three weeks, activity drops significantly.
- Price your home within market value. In this case, you could price your home at $960K or $975K, anywhere in between the $950K or $1 million that people have paid in the past.
- Consider pricing your home below market value. Doing so creates a buyer frenzy, and buyers will fight each other to get their offer accepted. This helps bids drive up the sales price.