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.

Planning to sell your home?

489 Properties Found. Showing 1-12
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8916 Cromwell Hill Rd
Louisville, KY 40222
8916 Cromwell Hill Rd Louisville, KY 40222
1 of 59
$1,890,000
Subdivision: Hurstbourne Estate
BEDS
4
BATHS
6
SQ.FT.
8,205
BUILT
1974
ON SITE
14Days
MLS
1516235
Hurstbourne Estates. Newly renovated estate on a 1 ac. lot with trees & privacy. A french chateau style home with arched windows, painted brick and gated entrance. It has an open floor plan with...
9221 Independence School Rd
Louisville, KY 40291
9221 Independence School Rd Louisville, KY 40291
1 of 71
$1,500,000
Subdivision: N/A
BEDS
3
BATHS
3
SQ.FT.
2,620
BUILT
1973
ON SITE
7Days
MLS
1516747
Don't miss out on this rare opportunity to own your own farm in Jefferson County. Located 1.5 miles from Bardstown road in Fern Creek. This one owner home has been lovingly cared for and gently...
535 Fairfield Dr
Louisville, KY 40206
535 Fairfield Dr Louisville, KY 40206
1 of 40
$1,250,000
Subdivision: Cherokee Gardens
BEDS
5
BATHS
6
SQ.FT.
5,309
BUILT
1939
ON SITE
9Days
MLS
1516571
Luxury living at it's best! This classic 3 story home sits on one of the prettiest streets in the highly sought after Estates section of Cherokee Gardens. Bright and inviting, the eat in kitchen is...
15302 Crystal Springs Way
Louisville, KY 40245
15302 Crystal Springs Way Louisville, KY 40245
1 of 44
$948,000
Subdivision: Lake Forest
BEDS
5
BATHS
6
SQ.FT.
7,919
BUILT
2003
ON SITE
10Days
MLS
1516526
This fabulous 2 story walk out lower level can be yours. It is located in one of Louisville's finest subdivisions. WOW...Classic charm mixed w/ todays modern bring a welcoming feeling the moment you...
1730 Sulgrave Rd
Louisville, KY 40205
Open House
1730 Sulgrave Rd Louisville, KY 40205
1 of 39
$825,000
Subdivision: Sulgrave
BEDS
4
BATHS
5
SQ.FT.
4,500
BUILT
1925
ON SITE
15Days
MLS
1516066
Elegant ~ Sophisticated with Causal ~ Convenience, at an unbelievable price nestled between million-dollar properties. As you walk up to this elegant Tudor style home you will notice the detailed...
34 Mockingbird Valley Dr
Louisville, KY 40207
34 Mockingbird Valley Dr Louisville, KY 40207
1 of 14
$815,000
Subdivision: N/A
BEDS
5
BATHS
4
SQ.FT.
2,526
BUILT
1938
ON SITE
7Days
MLS
1516769
First showings agent/client wine & cheese Friday, 10/12/18, 3 o'clock to 6 o'clock...Incredible & rare opportunity! After almost 50 years, this 2526 sqft Mid century modern 5 bedroom 3 full bath...
2409 Crystal Springs Pl
Louisville, KY 40245
2409 Crystal Springs Pl Louisville, KY 40245
1 of 51
$799,900
Subdivision: Lake Forest
BEDS
5
BATHS
5
SQ.FT.
6,814
BUILT
2000
ON SITE
5Days
MLS
1516925
Reduced over 100k! Brand new roof and carpet installed September 2018! Located on the 3rd Fairway of the Arnold Palmer Golf Course, this luxurious home offers you some of the most captivating views...
519 Country Ln
Louisville, KY 40207
519 Country Ln Louisville, KY 40207
1 of 43
$749,000 ( $50,000 )
Subdivision: Rolling Fields
BEDS
5
BATHS
3
SQ.FT.
4,065
BUILT
1954
ON SITE
14Days
MLS
1516228
This charming Cape Cod in sought after Rolling Fields offers five bedrooms, three full baths and conveniently backs up to the Louisville Country Club golf course. The large covered front porch...
2401 Dundee Rd
Louisville, KY 40205
2401 Dundee Rd Louisville, KY 40205
1 of 37
$745,000
Subdivision: Highlands
BEDS
4
BATHS
3
SQ.FT.
3,000
BUILT
1925
ON SITE
9Days
MLS
1516588
Gracious 1925 Craftsman with extra buildable lot included in price. Easy walk to Douglass Loop, Lakeside, CVS & Kroger. Near Seneca & Creason Parks. Enjoy the view from glassed-in sun porch. Living...
1705 Arnold Palmer Blvd
Louisville, KY 40245
1705 Arnold Palmer Blvd Louisville, KY 40245
1 of 74
$725,000
Subdivision: Lake Forest
BEDS
5
BATHS
5
SQ.FT.
6,151
BUILT
1992
ON SITE
5Days
MLS
1516978
No description available...
1327 S 3Rd St
Louisville, KY 40208
1327 S 3Rd St Louisville, KY 40208
1 of 87
$699,900
Subdivision: Old Louisville
BEDS
5
BATHS
4
SQ.FT.
6,283
BUILT
1897
ON SITE
13Days
MLS
1516347
Mansion on Millionaire's Row in Old Louisville with a 965 sq ft Carriage House Apartment & 3 Car Garage! A newly renovated Master Suite, with sitting room & walk-in closet. The other second floor...
2322 Arnold Palmer Blvd
Louisville, KY 40245
2322 Arnold Palmer Blvd Louisville, KY 40245
1 of 69
$689,000
Subdivision: Lake Forest
BEDS
6
BATHS
6
SQ.FT.
7,380
BUILT
2005
ON SITE
7Days
MLS
1516719
A ranch home in Lake Forest is rare and hard to find. Well, here it is. Located on the 7th tee of The Lake Forest Golf Course. Stunning and a massive footprint of luxurious living space. 4 bedrooms...

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