Blog Post

Common Mistakes When Pricing Your Home

Tom Ireland • May 16, 2017

Deciding upon the right asking price is key to getting your home sold. It’s a balancing act between getting what your home is worth and pricing yourself out of the market. Here are five mistakes people often make when pricing their home. Avoiding them will help you get it right. Relying too heavily on what other […] The post Common Mistakes When Pricing Your Home appeared first on Andy Schildhorn, PREC.

Deciding upon the right asking price is key to getting your home sold. It’s a balancing act between getting what your home is worth and pricing yourself out of the market. Here are five mistakes people often make when pricing their home. Avoiding them will help you get it right.

  • Relying too heavily on what other homes have sold for — While this can be a useful indicator, you can’t be certain that other sellers got it right.
  • Including the cost of recent renovations in your price — It is rare to recoup 100% of renovation costs when selling.
  • Deciding on a price based on what you’d like to buy — Your price should be based on current market conditions.
  • Making the wrong comparisons — Don’t compare your home with one of another type or in a very different neighbourhood.
  • Starting high “just to see what happens” — An inflated price can alienate buyers.

For more details on these tips, click here.

🏡 Discover Fort Langley with Andy Schildhorn! 🌟

By Andy Schildhorn • 17 May, 2024
🌟 Hi there, it's Andy Schildhorn from Macdonald Realty! For over 30 years, I've proudly called Fort Langley my home—where history and vibrant culture blend seamlessly. 🏛️ Explore iconic landmarks like the Community Hall, CN Rail Station, and the Old Fort. 🍽️ Don't miss a visit to Ancestor Café, showcasing indigenous foods. 🎷🎨 Our village buzzes with festivals year-round, including the Jazz and Arts Festival. Enjoy outdoor activities along the Fraser River, scenic trails, and top-notch cycling routes. 🚴‍♀️🌳 🍰🍝 Stroll down Glover Road, our charming main street, with its friendly shop owners and delightful spots like Wendels' Cafe and Giulia's Mangia e Scappa. 🏡🌲 Discover diverse real estate options, from quaint backyards to riverside condos and expansive acreages. 📅 Join our thriving community—click the link below to schedule a chat. 👍🔔 Thanks for watching! Don’t forget to subscribe, and I look forward to hearing from you soon. 📞 778.835.8957 - https://calendly.com/andyschildhorn 🌐 www.AndytheRealtor.com Your Langley and Fraser Valley Realtor.

🌾🍎 Celebrate 102 years of May Day in the Village 📍🌻

By Andy Schildhorn • 15 May, 2024
The body content of your post goes here. To edit this text, click on it and delete this default text and start typing your own or paste your own from a different source.

🤗 Sometimes we need to smile.

By Andy Schildhorn • 14 May, 2024
📣 "Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful." - Albert Schweitzer
More Posts
Share by: