The Secret to Getting the Best Price for Your Seattle Home

One of the biggest mistakes sellers make is pricing their homes too high.

You must take your emotions and ego out of setting the right price for your home if you want to sell your home quickly. 

It will not be a secret anymore but I want to share with you how to attract multiple offers, and get your Seattle home sold faster than your neighbors down the street.

You can use these tips on your own as a for sale by owner or you can have a professional realtor who markets in your area who knows the area and understands the market. 

Price is everything, price your home just below the market. Why would a buyer choose somoene else’s 3 bedroom, 2 bath home down the block form you home listed at $379,000, when your 3-bedroom, 2-bath home is listed at 369,500? 

Factors to Consider When Pricing your Home:

• Understand your neighborhood - You know your neigborhood the best. It is important to know your neigborhood when determining the income buyers intersted in your home and how to market it.

• Quality of the Local School System - You can find out the local ratings of your schools by checking http://www.greatschools.org/washington/seattle/. The better the school district the more desirable and sought after your home becomes. When it comes to pricing and marketing you can use that to your advantage. Most people who have children will already know if your neighborhood has a quality school system and will be looking and your home will be in high demand.  

• Commute time – The location of your home and to your potential buyers work location is a factor for most people who don’t want to fight a long commute time. If you live near a large business district or military base you wil want to include that in your filers and in your descriptions. 

• Distance to Shopping areas – This is valuable because you can determine where there is high traffic areas such as major intersections for car traffic. Busy shopping areas have foot traffic, and you or your realtor can place your signs and fliers in those places. 

• Available Services - If you know your community offers something unique or special like a dog park, or community pool include that in your marketing as well. 

• Foreclosures – Another figure to consider is the amount of foreclosures in your neighborhood. You could be competing with homes that are being taken away by the bank or homes that are completely underwater. If you there are many foreclosures buyers might be concerned about buying in your area. That is why it is important to know your neighborhood. 

Will talk about sizing up the competition on another post. Having realistic expectations and find ways to market your property effectively if you are doing this on your own. If you work with a realtor like one on our team we have a system to market your property properly according to what the market and neighborhood market is trending. 

If you have any questions or comments contact us today 206-334-8773 or comment below. 

Posted via Seattle Real Estate-Seattle Homes For Sale