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.

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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.

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547 Properties Found. Showing 1-12
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222 E Witherspoon St #2000
Louisville, KY 40202
222 E Witherspoon St #2000 Louisville, KY 40202
1 of 98
$3,900,000
Subdivision: Waterfront Park Place
BEDS
6
BATHS
7
SQ.FT.
8,571
BUILT
2014
ON SITE
15Days
MLS
1531342
No description available...
2000 Millvale Rd
Louisville, KY 40205
2000 Millvale Rd Louisville, KY 40205
1 of 50
$3,700,000
Subdivision: N/A
BEDS
5
BATHS
7
SQ.FT.
7,195
BUILT
1912
ON SITE
12Days
MLS
1531774
The historic and iconic ''Pine Hill'' residence is being offered for sale for the first time since 1976. The home sits majestically on top of a hill on 5 acres overlooking the Big Rock section of the...
8917 Cromwell Hill Rd
Louisville, KY 40222
8917 Cromwell Hill Rd Louisville, KY 40222
1 of 65
$2,495,000
Subdivision: Hurstbourne Estate
BEDS
8
BATHS
11
SQ.FT.
14,925
BUILT
1971
ON SITE
15Days
MLS
1531330
Spectacular estate home in Hurstbourne Estates. A 1.8 ac. lot on the HB golf course. Professionally landscaped, park-like setting, lots of mature trees, gorgeous views , bricked patios and walk ways...
202 Mockingbird Gardens Dr
Louisville, KY 40207
202 Mockingbird Gardens Dr Louisville, KY 40207
1 of 55
$1,500,000
Subdivision: Mockingbird Gardens
BEDS
5
BATHS
6
SQ.FT.
7,675
BUILT
1996
ON SITE
15Days
MLS
1531347
This stunning, extraordinary, traditional style home in the exclusive neighborhood of Mockingbird Gardens boasts exceptional style & timeless design. Situated in a quiet cul-de-sac that backs up to...
424 Mayfair Ln
Louisville, KY 40207
424 Mayfair Ln Louisville, KY 40207
1 of 49
$1,445,000
Subdivision: Green Hills
BEDS
5
BATHS
4
SQ.FT.
4,549
BUILT
1935
ON SITE
7Days
MLS
1532080
Built in 1935, this 5 bedroom, 3 1/2 bath Stratton Hammon home on 424 Mayfair Lane is elegant, classic, and timeless. The beautifully crafted hardwood flooring, trim detailing, and open floor plan...
3 Mockingbird Pl
Louisville, KY 40207
Under Contract
3 Mockingbird Pl Louisville, KY 40207
1 of 37
$1,300,000
Subdivision: Mockingbird Place
BEDS
5
BATHS
8
SQ.FT.
7,726
BUILT
1985
ON SITE
15Days
MLS
1531262
Masterfully built home in the wooded privacy of Mockingbird Place! The key features of this home include: a three car garage, updated kitchen, a first floor master with two bathrooms, a pool and tons...
1418 Cherokee Rd
Louisville, KY 40204
1418 Cherokee Rd Louisville, KY 40204
1 of 62
$1,295,000
Subdivision: Cherokee Triangle
BEDS
5
BATHS
4
SQ.FT.
6,391
BUILT
1930
ON SITE
12Days
MLS
1531693
One of the iconic, landmark homes on the hill overlooking Cherokee and Willow Parks. The original 1930 architectural details and workmanship enrich this elegant yet comfortable, well maintained,...
6 Mockingbird Pl
Louisville, KY 40207
6 Mockingbird Pl Louisville, KY 40207
1 of 50
$1,245,000
Subdivision: Mockingbird Place
BEDS
4
BATHS
6
SQ.FT.
6,283
BUILT
1986
ON SITE
7Days
MLS
1532059
Surrounded by nature with treetop views from every vantage point this beautiful, classic brick home is ready for its new owners. You'll find great attention to detail throughout, built by Karzen...
2100 Club Vista Pl
Louisville, KY 40245
2100 Club Vista Pl Louisville, KY 40245
1 of 78
$1,185,000
Subdivision: Lake Forest
BEDS
6
BATHS
7
SQ.FT.
8,479
BUILT
2000
ON SITE
14Days
MLS
1531418
Enter into a spacious two story foyer with spiral staircase, bordered hardwood floors ,leading to study with paneled walls and ceiling, hardwood floors, fireplace and custom book cases. The dining...
1400 Willow Ave #1501
Louisville, KY 40204
1400 Willow Ave #1501 Louisville, KY 40204
1 of 64
$1,035,000
Subdivision: 1400 Willow
BEDS
3
BATHS
2
SQ.FT.
2,282
BUILT
1980
ON SITE
14Days
MLS
1531425
Luxury condominium living at its finest! This spacious, updated 15th floor condo with a Cherokee Triangle view has all of the modern amenities you need to feel right at home. All bedrooms are...
1013 Johnson Farm Rd
Louisville, KY 40245
1013 Johnson Farm Rd Louisville, KY 40245
1 of 150
$1,000,000
Subdivision: Johnson Road Farms
BEDS
5
BATHS
6
SQ.FT.
6,399
BUILT
2002
ON SITE
12Days
MLS
1531706
Million Dollar Views, Water Front, Gourmet Kitchen, Updates, Open, Spacious, Custom built and a 5 Acre wooded lot (be sure to see the pictures)! This 5 BR, 5.5 Bath estate offers privacy, incredible...
4017 Woodstone Way
Louisville, KY 40241
4017 Woodstone Way Louisville, KY 40241
1 of 24
$995,000
Subdivision: Woodstone
BEDS
4
BATHS
6
SQ.FT.
5,677
BUILT
1978
ON SITE
5Days
MLS
1532354
PEACE AND SERENITY ARE FOUND IN WOODSTONE. WELL ESTABLISHED NEIGHBORHOOD. PAMPERED LAWN AND LANDSCAPING. WELL BUILT HOME WITH EXTENSIVE MOLDINGS. HARDWOOD FLOORING, GRANITE. LARGE OPEN FLOOR PLAN....

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