4 Things to Consider When Pricing Your Home to Sell

**Are you planning to sell your Louisville home? It might be worth more than you think!**

**Pam Ruckriegel with The Louisville Real Estate Pros at Keller Williams Realty Louisville East is the best Realtor for the job. Contact her to get started on your one-of-a-kind listing today! 502-435-5524.**

Today’s real estate market is competitive and a prime environment for any seller. Inventory is low, and there are buyers everywhere waiting to snag the perfect new home. However, even with potential buyers scouring every available house on the market, pricing your home to sell is the top aspect to really take the time to consider. Accurate pricing matters! Because of this, we have compiled a short list for your consideration. Here are 4 Things to Consider When Pricing Your Home to Sell:

4 Things to Consider When Pricing Your Home to Sell


1. The initial price point of your home is important. Here in Louisville, Kentucky, the current real estate market is ideal for sellers. Many potential buyers are just waiting for quality listings to become available, and there simply isn’t enough property inventory to satisfy the demand. With that being said, the listing price you initially give your home is still very significant. Even with an extraordinary demand, a price that is too high can deter potential buyers from taking a closer look. You would not be doing yourself any favors by missing out on the prime opportunity to draw interested parties to see your property in person. Many people searching for a new home are paying close attention to new listing alerts. Be sure to take the time and do your research; an accurately priced home has the potential to sell quickly in today’s market.


You may also like: 5 Questions to Ask Yourself When Preparing to Sell Your Home


2. Pricing your home to sell is about more than the house itself. Comparable prices of similar properties in the area are what drive the price of your own home. One of the best things you can do in preparation is to take a close look at sale prices of other local homes. These comps, along with considering what upgrades you have or have not made to keep up with current demands and trends, will lay the foundation for solidifying your home’s appropriate price. Keep in mind that available inventory also plays a role in pricing trends. When a low count of quality homes present themselves on the market, there will inevitably be more competition between buyers. Greater competition can potentially drive up the prices leading to a favorable situation for sellers. The real estate market is never one of exact numbers and predictable conclusions. It ebbs and flows, much like a living thing. This is an important factor to understand when working to sell your home!


4 Things to Consider When Pricing Your Home to Sell
3. Finding the right price for your home is a delicate balance. Price your home too low, just to get a quick sale, and you could end up seriously losing out on a potentially good deal. Accurately priced homes can still sell quickly! On the flip side, a sales price that is too high could drive away prospective buyers. Even if you are not in a time crunch to sell your home, pricing too high can put you at a disadvantage in the long run. A home that sits on the market for an extended period of time could eventually lead to a necessary price reduction. The home’s number of days on the market plays a significant role in negotiating a fair deal. You could end up doing yourself a disservice and ultimately selling your home for an even lower price if the proper price adjustments aren’t made. Understanding the market and finding the right price for your home has the possibility to result in receiving competing offers from buyers. This is the ideal situation for any seller!


4. An experienced Realtor can make this process much easier. Even though you’ve done your own research and crunched the numbers, using a Realtor can still give you an edge as a seller. They not only have the tools to easily pull comparable prices near your home, but they also have the background to know what makes a deal successful. Think of all the variables that come into play with a home. You may be in a nice neighborhood with other homes that have recently sold for similar prices, but think about the bathroom that you recently renovated. How much value does a third full bathroom add? Or what about the brand new deck that you had built in your backyard? Maybe your basement is unfinished, and the recently sold house down the street has a full spare bedroom in the basement. A knowledgeable Realtor has the experience to know how these differences impact the selling price of your home.

Click here to contact us.

Could you use the help of one of Louisville’s experienced Realtors? Pam Ruckriegel with The Louisville Real Estate Pros at Keller Williams Realty Louisville East can send you a FREE Market Analysis of your home today! 502-435-5524.

Planning to sell your home?

469 Properties Found. Showing 1-12
Sort By:
11306 Bodley Dr
Louisville, KY 40223
11306 Bodley Dr Louisville, KY 40223
1 of 74
$4,585,000
Subdivision: Nutwood
BEDS
6
BATHS
9
SQ.FT.
19,081
BUILT
2011
ON SITE
5Days
MLS
1512148
Poised to make its debut to the market, this one of a kind Blacketer Built home boasts a grand 19,000+ square feet of pristine property. The foyer's design sets the tone for the rest of this grand...
1912 Mockingbird Bluff Ln
Louisville, KY 40207
1912 Mockingbird Bluff Ln Louisville, KY 40207
1 of 94
$3,050,000
Subdivision: Mockingbird Valley River Bluff
BEDS
7
BATHS
7
SQ.FT.
11,165
BUILT
2012
ON SITE
12Days
MLS
1511532
1912 Mockingbird Bluff Lane is a rare combination of location and beauty. You will love the drive through the impressive gates, enjoying mature trees and the private ambiance of this quiet street....
200 Mockingbird Gardens Dr
Louisville, KY 40207
200 Mockingbird Gardens Dr Louisville, KY 40207
1 of 73
$2,375,000
Subdivision: Mockingbird Gardens
BEDS
6
BATHS
7
SQ.FT.
10,132
BUILT
2004
ON SITE
14Days
MLS
1511236
You'll have many options for great entertaining in this home, whether in the gracious formal dining room, the serene outdoor spaces, or by the refreshing pool, you're sure to enjoy many good times!...
202 Waterleaf Way
Louisville, KY 40207
202 Waterleaf Way Louisville, KY 40207
1 of 42
$1,695,000
Subdivision: Mockingbird Gardens
BEDS
6
BATHS
8
SQ.FT.
10,499
BUILT
1998
ON SITE
15Days
MLS
1511041
An absolutely stunning renovation by award-winning homebuilder/remodeler Carl Baker of Sterling Development was recently completed on this 10,500 square feet luxury home. As you arrive at the home,...
1912 Whitewood Ridge Dr
Louisville, KY 40245
1912 Whitewood Ridge Dr Louisville, KY 40245
1 of 45
$1,300,000
Subdivision: Sycamore Ridge Est
BEDS
4
BATHS
6
SQ.FT.
4,251
BUILT
2004
ON SITE
9Days
MLS
1511663
Stunning custom built home situated on 5 gorgeous acres. You must see this exquisite property to believe it. From the moment you enter you will be enthralled by the soaring ceilings and gorgeous...
14601 Dominick Michael Dr
Louisville, KY 40299
14601 Dominick Michael Dr Louisville, KY 40299
1 of 74
$1,289,900
Subdivision: N/A
BEDS
5
BATHS
6
SQ.FT.
9,841
BUILT
1998
ON SITE
12Days
MLS
1511549
A Rare Find & Fabulous Property nestled on a 5 acre private wooded lot in eastern Jefferson County. This 1 1/2 story home features 5 Bedrooms, 6 Full Baths, 6,644 above grade sq. ft., a Walkout...
6122 Springhouse Farm Ln
Louisville, KY 40222
6122 Springhouse Farm Ln Louisville, KY 40222
 
$1,200,000
Subdivision: Glenview Springs
BEDS
4
BATHS
5
SQ.FT.
4,936
BUILT
2018
ON SITE
15Days
MLS
1511045
Located just off Lime Kiln Lane in Glenview Springs, this new home design created by Carl Baker of Sterling Development, fits the lot and your lifestyle perfectly. Completely stair-free living if you...
5525 Beth Rd
Louisville, KY 40219
5525 Beth Rd Louisville, KY 40219
1 of 83
$1,200,000
Subdivision: Cheri Village
BEDS
5
BATHS
4
SQ.FT.
5,030
BUILT
1970
ON SITE
14Days
MLS
1511285
An awesome house with over 5000 square feet, located on 26.2 gently rolling acres in Jefferson County. You are welcomed onto this property through the wrought iron Entry Gates and concrete driveway...
222 E Witherspoon St
Louisville, KY 40202
222 E Witherspoon St Louisville, KY 40202
1 of 37
$1,175,000
Subdivision: Waterfront Park Place
BEDS
2
BATHS
4
SQ.FT.
3,809
BUILT
2004
ON SITE
9Days
MLS
1511685
Spectacular, custom-designed 12th floor unit featuring panoramic views of downtown Louisville! The welcoming entry hall leads you to the stunning great room with fireplace. Truly fit for a chef, the...
1123 Red Fox Rd
Louisville, KY 40205
1123 Red Fox Rd Louisville, KY 40205
1 of 50
$1,045,000
Subdivision: Alta Vista Terrace
BEDS
4
BATHS
4
SQ.FT.
4,755
BUILT
1981
ON SITE
14Days
MLS
1511263
A renovated gem in one of Louisville's most coveted areas! With close proximity to just about anything you may need, no longer will your days be filled with long drives to and from your destination....
3013 Meadow Farms Pl
Louisville, KY 40245
3013 Meadow Farms Pl Louisville, KY 40245
1 of 58
$964,000
Subdivision: Lake Forest
BEDS
6
BATHS
6
SQ.FT.
8,709
BUILT
2003
ON SITE
13Days
MLS
1511350
Welcome to Lake Forest and this amazing home on Meadow Farms Place. With undeniable curb appeal, this home is impressive throughout and provides a great opportunity to live nearby one of the most...
1105 Balmoral Dr
Louisville, KY 40205
1105 Balmoral Dr Louisville, KY 40205
1 of 42
$925,000
Subdivision: The Springs
BEDS
4
BATHS
4
SQ.FT.
5,615
BUILT
1992
ON SITE
14Days
MLS
1511190
WOW! This custom built home located in a gated community in St. Matthews, features an open floor plan w/ impressive architectural details including tall vaulted and multiple tray ceilings. Step into...

Post a Comment