JustinRenaud.com

When selling a home, people often gloss over the importance of setting your homes price . This is a HUGE mistake because the price of your home not only greatly affects how much your offer will be, but also, who comes and views it.

The most common negative trend in home pricing is that people will factor in additional expenses when figuring their home price. For instance, people will think about some outstanding debt they want to pay off as well as a new car they want a decent down payment on. This sounds great in theory, but those things have no bearing on what someone will pay for your home. What ends up happening is that the homeowner has a home priced way too high and it will sit on the market and get stagnant.

Many people seem to think that pricing your home high doesn't hurt you. I have heard the phrase "they can always bring me an offer" so many times, I am starting to cringe when I hear it. Some sellers may think that way, but if a home is priced 15,000 above where it should be, most buyers won't even bother with it. The home ends up sitting on the market for months and months, and eventually gets stagnant. As you slowly lower the price to compensate, you have missed your optimum window to sell the place. Studies have shown that a more aggressive listing price in the beginning will usually net you a greater sold price than if you had started too high and crept your way down.