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?

513 Properties Found. Showing 1-12
Sort By:
3212 Bohannon Ave
Louisville, KY 40215
3212 Bohannon Ave Louisville, KY 40215
1 of 10
$3,500,000
Subdivision: Churchill West
BEDS
2
BATHS
1
SQ.FT.
720
BUILT
1946
ON SITE
15Days
MLS
1505217
COMMERCIAL POTENTIAL Sold as a package with the following properties: 3213, 3219, 3221, 3235 3237 Taylor Blvd plus 3212 Bohannon Ave. No individual purchases. Properties run between Thornberry Ave...
11300 Nutwood Rd
Louisville, KY 40223
11300 Nutwood Rd Louisville, KY 40223
1 of 109
$2,975,000
Subdivision: Anchorage
BEDS
7
BATHS
8
SQ.FT.
13,160
BUILT
2001
ON SITE
13Days
MLS
1505414
This is your once in a lifetime opportunity to acquire one of Louisville's most special homes. Nestled in the Anchorage school district, the home offers over 10,000 square feet of living space within...
6706 Elmcroft Cir
Louisville, KY 40241
6706 Elmcroft Cir Louisville, KY 40241
1 of 50
$2,450,000
Subdivision: Elmcroft
BEDS
5
BATHS
7
SQ.FT.
11,068
BUILT
1855
ON SITE
6Days
MLS
1506179
Welcome to 6706 Elmcroft Circle. This charming manor home built in 1855 has been meticulously updated to add the comforts of today while maintaining the charm and character of the original home. The...
4320 Poplar Hill Woods
Louisville, KY 40207
4320 Poplar Hill Woods Louisville, KY 40207
1 of 58
$1,875,000
Subdivision: Indian Hills
BEDS
6
BATHS
5
SQ.FT.
8,570
BUILT
1990
ON SITE
12Days
MLS
1505608
Significant price adjustment, motivated seller. This elegant home is nestled in a beautifully forested area offering privacy and seclusion, only minutes from downtown. It was inspired by the historic...
431 Mayfair Ln
Louisville, KY 40207
431 Mayfair Ln Louisville, KY 40207
1 of 42
$1,325,000
Subdivision: Mockingbird Valley
BEDS
4
BATHS
5
SQ.FT.
4,610
BUILT
1941
ON SITE
12Days
MLS
1505603
Nestled just off the Lightfoot/ Mayfair split, this Jeffersonian classic is truly a one-of-a-kind property in Mockingbird Valley. Special features of this 4 bed 4.5 baths include: 2 separate master...
8904 Ayrshire Ave
Louisville, KY 40222
8904 Ayrshire Ave Louisville, KY 40222
1 of 27
$1,300,000
Subdivision: Hurstbourne
BEDS
9
BATHS
10
SQ.FT.
9,269
BUILT
1973
ON SITE
5Days
MLS
1506426
Breathtaking home in Hurstbourne Estates! Loved by multiple generations of the same family since it was built in 1973, the home features concrete and steel construction with many other fire retardant...
1906 Decatur Dr
Louisville, KY 40218
1906 Decatur Dr Louisville, KY 40218
1 of 51
$1,200,000
Subdivision: N/A
BEDS
6
BATHS
5
SQ.FT.
9,264
BUILT
1919
ON SITE
5Days
MLS
1506432
Absolutely remarkable Stratton Hammon home originally designed for the Lemon family of Lemon's Jewelers. Truly one of his finest works, this stunning estate home features incredible millwork,...
28 River Hill Rd
Louisville, KY 40207
28 River Hill Rd Louisville, KY 40207
1 of 57
$1,100,000
Subdivision: Indian Hills
BEDS
3
BATHS
4
SQ.FT.
3,510
BUILT
1941
ON SITE
9Days
MLS
1505922
Enchanting 3 bedroom, 4 bath charming house in lovely condition on very private, flat 1.29 acre lot with lush plantings in one of LOUISVILLE's most sought after locations! Large public rooms with...
6600 Seminary Woods Pl
Louisville, KY 40241
6600 Seminary Woods Pl Louisville, KY 40241
1 of 100
$1,097,500
Subdivision: The George
BEDS
3
BATHS
4
SQ.FT.
3,982
BUILT
2008
ON SITE
15Days
MLS
1505247
The George is Louisville's premier destination for luxury living. It is ideally located in the heart of Glenview, directly off U.S. Highway 42 ,with direct access to I-264 and I-265 and just minutes...
617 Sunnyside Dr
Louisville, KY 40206
617 Sunnyside Dr Louisville, KY 40206
1 of 36
$950,000
Subdivision: Cherokee Gardens
BEDS
5
BATHS
5
SQ.FT.
3,009
BUILT
2010
ON SITE
6Days
MLS
1506192
OPEN HOUSE, Sunday, June 17th from 1 - 3. Location, Location, Location and only 8 yrs old. Custom built in 2010 by Carl Baker. Please note there are 2 bedrooms on the first floor both with baths....
421 Country Ln
Louisville, KY 40207
Under Contract
421 Country Ln Louisville, KY 40207
1 of 49
$875,000 ( $24,000 )
Subdivision: Rolling Fields
BEDS
5
BATHS
5
SQ.FT.
4,017
BUILT
1947
ON SITE
14Days
MLS
1505334
Enter this beautifully renovated brick Cape Cod into a charming foyer with wainscoting and striking new hardwood floors throughout. The large gourmet kitchen features classic white cabinetry, sleek...
2409 Crystal Springs Pl
Louisville, KY 40245
2409 Crystal Springs Pl Louisville, KY 40245
1 of 54
$875,000
Subdivision: Lake Forest
BEDS
5
BATHS
5
SQ.FT.
6,814
BUILT
2000
ON SITE
7Days
MLS
1506094
Located on the 3rd Fairway of the Arnold Palmer Golf Course, this luxurious home offers you some of the most captivating views Lake Forest has to offer, and from every angle! All while being on a...

Post a Comment