Homes for Sale EHT NJ: A Five-Point Process to Price a Home

by Jul 20, 2016

This five-point process for homes for sale EHT NJ will help determine a price that will keep you competitive in your New Jersey market to attract attention from serious New Jersey buyers. If you price your home right from the start, your selling experience will likely prove to be a significantly less stressful journey than if you price too high or too low. Of course, as you may already know, determining your listing price is not an easy decision to make.

  1. Detach Emotionally

Selling a New Jersey home can stir up a lot of emotions, especially if you grew up there, raised a family, or put a lot of sweat into remodeling on your own. Emotions can often get in the way of setting a realistic price. It’s important to view the process from an unbiased standpoint.

  1. Take Advantage of the Internet

The Internet can be a homes for sale EHT NJ seller’s best friend. First, there are a lot of smart pricing tools that will provide you with an estimate based on your address and answers to a few basic questions. Second, you can use the Internet to compare your New Jersey home to current similar listings, as well as those recently sold. There won’t be another home exactly the same, but this will at least give you an idea. Stick with homes within a 5-mile radius, and if there is an imaginary line within that radius dividing school districts, always compare your home to houses within the same district.

  1. Determine if Updates Are Needed

Sometimes, small cosmetic changes can make your home more competitive. Something as simple as swapping old hardware and lighting fixtures for more modern pieces could make your New Jersey home a bit more current and in-line with what buyers in your area are looking for.

  1. Consider Encouraging a Bidding War

Is your New Jersey home a good candidate for creating a bidding war? With homes for sale EHT NJ cases like these, you would price low to attract multiple bids. Then, you will call for the “highest and best” bid, and you will select whom to sell to. But beware: this strategy doesn’t work for all homes for sale EHT NJ. Quite often, school district and parking play major roles in this decision.

  1. Don’t Price too High

You may be thinking that since you aren’t in a hurry at all to move that you can just list high and gradually reduce if you don’t receive the offers you’re looking for. A price drop can be attractive and may lure buyers previously interested in your property, but it also causes your home to go stale on the market.

When setting your listing price it’s important to think like a buyer. What does your home have that distinguishes it from other properties? What don’t you have that could demand a lower price? Getting the price right from the beginning will help you get the maximum bid within your ideal selling timeline.

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