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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322 Properties Found. Showing 1-12
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200 Mockingbird Gardens Dr
Louisville, KY 40207
200 Mockingbird Gardens Dr Louisville, KY 40207
1 of 59
$2,375,000
Subdivision: Mockingbird Gardens
BEDS
6
BATHS
7
SQ.FT.
10,132
BUILT
2004
ON SITE
10Days
MLS
1524549
MASTERFUL design and MODERN LUXURY are uniquely embodied in 200 Mockingbird Gardens Drive, situated on a remarkable 1.3 acres. This SOPHISTICATED JEWEL boasts over 10,000 square feet of luxurious...
155 Totem Rd
Louisville, KY 40207
155 Totem Rd Louisville, KY 40207
1 of 58
$1,295,000
Subdivision: Indian Hills
BEDS
4
BATHS
4
SQ.FT.
4,999
BUILT
1950
ON SITE
3Days
MLS
1524941
Gorgeous Indian Hills location, Country Club section! This amazing traditional center hall colonial has been renovated and upgraded beyond belief! The first floor features a beautiful entry foyer...
14809 Landmark Dr
Louisville, KY 40245
14809 Landmark Dr Louisville, KY 40245
1 of 80
$1,250,000
Subdivision: Lake Forest Estates
BEDS
5
BATHS
6
SQ.FT.
6,500
BUILT
1992
ON SITE
15Days
MLS
1524280
This stunning home, in the Estate Section of Lake Forest, is a rare find. Located on the corner and across from the Lake Forest Country Club, gives club members fast access to all the wonderful...
1004 Anchorage Woods Cir
Louisville, KY 40223
1004 Anchorage Woods Cir Louisville, KY 40223
1 of 84
$1,200,000
Subdivision: Anchorage Woods
BEDS
6
BATHS
7
SQ.FT.
6,990
BUILT
1988
ON SITE
7Days
MLS
1524739
Wow! Remarkable custom Blacketer built home in Anchorage Woods just down the street from the award winning Anchorage school. You couldn't find a better floor plan, upgrades, or lot in this...
1400 Willow Ave
Louisville, KY 40204
1400 Willow Ave Louisville, KY 40204
1 of 64
$1,035,000
Subdivision: 1400 Willow
BEDS
3
BATHS
2
SQ.FT.
2,282
BUILT
1980
ON SITE
3Days
MLS
1524933
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...
2217 Grove Hill Pl
Louisville, KY 40207
2217 Grove Hill Pl Louisville, KY 40207
1 of 41
$995,000
Subdivision: Estates Of Locust Grove
BEDS
4
BATHS
7
SQ.FT.
7,369
BUILT
2005
ON SITE
4Days
MLS
1524900
Stunning, executive home on a flat lot with an expansive/private REAR YARD - perfect for kids, a future pool, and entertaining. The Estates of Locust Grove has just been approved to become a part...
2503 Champion Lakes Ct
Louisville, KY 40245
2503 Champion Lakes Ct Louisville, KY 40245
1 of 77
$750,000
Subdivision: Lake Forest
BEDS
5
BATHS
6
SQ.FT.
5,515
BUILT
2001
ON SITE
8Days
MLS
1524689
Spectacular home in a fabulous location. This 5 bedroom, 4 full, 2 half bath home has been lovingly updated throughout. There is a gourmet kitchen with new granite countertops, sink, faucet, marble...
14301 Woodland Ridge Dr
Louisville, KY 40245
Open House
14301 Woodland Ridge Dr Louisville, KY 40245
1 of 79
$725,000
Subdivision: Lake Forest
BEDS
5
BATHS
7
SQ.FT.
6,503
BUILT
2000
ON SITE
15Days
MLS
1524237
Fabulous describes this totally updated five bedroom beauty with an open floor plan! The spacious great room has bamboo flooring, opens to a formal dining area, includes a convenient powder room,...
711 W Main St
Louisville, KY 40202
711 W Main St Louisville, KY 40202
1 of 52
$725,000
Subdivision: The Harbison
BEDS
3
BATHS
4
SQ.FT.
2,649
BUILT
1992
ON SITE
15Days
MLS
1524251
Come enjoy this luxurious and updated downtown condominium located in the historic Harbison at the corner of 7th and Main Streets across from 21C Hotel. With captivating views of the Ohio River and...
309 Mill Stream Pl
Louisville, KY 40222
309 Mill Stream Pl Louisville, KY 40222
1 of 74
$724,900
Subdivision: Mill Stream
BEDS
5
BATHS
4
SQ.FT.
6,006
BUILT
2003
ON SITE
4Days
MLS
1524879
ANNOUNCING THIS RARE FIND in the HEART of the CITY on a quite quaint cul de sac street where it takes 10 minutes to get to most anywhere in the City. Outstanding custom built 1.5 story brick with...
133 S 3Rd St
Louisville, KY 40202
133 S 3Rd St Louisville, KY 40202
1 of 42
$699,995
Subdivision: The Levy
BEDS
4
BATHS
4
SQ.FT.
3,262
BUILT
1898
ON SITE
9Days
MLS
1524605
Welcome to the ULTIMATE in downtown Louisville living experience. This unit boasts unbeatable panoramic views of the Louisville skyline, a rooftop deck, and, exquisite detail in every element from...
60 Harwood Rd
Louisville, KY 40222
60 Harwood Rd Louisville, KY 40222
1 of 61
$699,000
Subdivision: Glenview Manor
BEDS
4
BATHS
4
SQ.FT.
4,020
BUILT
1950
ON SITE
11Days
MLS
1524481
Beautifully renovated 4 bedroom, 4 bath brick craftsman style home with an open concept floor plan and upscale finishes! When you enter the home you will notice the site finished, walnut stained...

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