Have You Set a Competitive Price for Your House?

by Eric Lindlau 02/25/2019

If you want to enjoy a successful home selling experience, it generally is helpful to establish a competitive initial asking price for your residence. With an aggressive price, you can stir up lots of interest in your home. As a result, you can increase the likelihood of a fast home sale.

Now, let's take a look at three tips to help you set a competitive initial asking price for your house.

1. Conduct a Home Appraisal

A home appraisal enables you to receive a property valuation. Then, you can use this valuation to determine how to price your house.

In addition, it often is beneficial to conduct a home inspection prior to listing a residence. An inspection allows you to receive insights into any home problems. Once you have a home inspection report in hand, you can prioritize house repairs and upgrades, improve your home and get the best price for your residence.

2. Evaluate the Local Housing Market

Take a look at the prices of available houses in your city or town that are similar to your residence. By doing so, you can establish a price range for comparable homes and use this information to decide how much to ask for your house.

Also, you may want to take a look at the prices of recently sold houses in your area and find out how long these residences were available before they sold. This housing market data can help you differentiate between a buyer's and seller's market.

3. Consult with a Real Estate Agent

Pricing a home can be difficult, particularly for those who are listing a residence for the first time. If you work with a real estate agent, however, you can receive in-depth house selling insights and ensure you are better equipped than other sellers to optimize your home sale profits.

A real estate agent is happy to help you set an initial asking price for your home that hits the mark with buyers. He or she first will learn about you and your home and create a custom property selling strategy. Next, a real estate agent will help you prepare your residence for the real estate market. And when you're ready to sell your house, a real estate agent will add your residence to the local housing market and promote your home to buyers.

Of course, a real estate agent provides lots of assistance throughout the home selling journey too. A real estate agent will offer honest, unbiased recommendations at each stage of the home selling journey. Best of all, he or she will respond to any of your home selling concerns and queries.

As you get set to enter the real estate market, you should consider how to price your residence. Thanks to the aforementioned tips, you can set a competitive initial asking price for your home. That way, you can generate significant interest in your house as soon as it becomes available.

About the Author
Author

Eric Lindlau

 

About ERIC LINDLAU

My Client-First Philosophy

There are many qualities and skills that go into being an excellent real estate professional - integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills and a high-quality professional network, all of which are hallmarks of how I work.

That said, in my experience as a COVENTRY real estate professional, I've also found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding quickly to your needs.

This "client first" philosophy has always been my approach and it requires me to continually improve my skills and ways of doing business. In addition, I've found that the latest technologies are enabling me to do everything I've always done, only much more quickly and efficiently. They've also helped me to extend the range of services I provide to my clients.

So when you decide that you'd like to buy or sell a home in the COVENTRY areas, please contact me.

*****Highly likely to recommend

05/11/2017 - lisal campbell13

Sold a Single Family home in 2017 in Coventry, CT.

  • Local knowledge: *****
  • Process expertise: *****
  • Responsiveness: *****
  • Negotiation skills: *****

I am a 70 yr old recent widow who needed to reluctantly sell our house alone for the first time. Eric Lindlau, owner of Lindlau Realty, was the perfect choice for me. He explained in detail the entire process answering all my questions. He was sensitive to my emotional state, kind and helpful in every way. He even assisted me when I accidentally locked myself out of the house! He emailed me selling prices of comparable houses, which helped me understand realistic values in our living area. I highly recommend this personable young man for your real estate needs.

*****Highly likely to recommend

01/18/2017 - soxgirl13109

Bought a Single Family home in 2016 in Coventry, CT.

  • Local knowledge: *****
  • Process expertise: *****
  • Responsiveness: *****
  • Negotiation skills: *****

Eric was GREAT to work with!! He was a dual agent for us and the home seller. When any challenges arose he knew how to handle them with poise. He was in communication with us throughout the entire process. I would recommend him for all of your real estate dealings.

*****Highly likely to recommend

01/09/2017 - laurak777

Bought a home in 2016.

  • Local knowledge: ****
  • Process expertise: ****
  • Responsiveness: ****
  • Negotiation skills: ****

Eric was an amazing person to work with. He helped me through a somewhat difficult purchase that had lots of unexpected bumps. Eric always returned my phone calls and emails promptly and was above all...honest!!! So many times when you are dealing with folks who make their living on commission, you feel like they are trying to "sell" you all the time. That was never the case with Eric. He was a complete professional and nice guy. I enjoyed working with him so much that he is now representing me in another sale.

*****Highly likely to recommend

12/07/2016 - kclancy098

Bought a Single Family home in 2016 in Coventry, CT.

  • Local knowledge: *****
  • Process expertise: *****
  • Responsiveness: *****
  • Negotiation skills: *****

Eric was always so willing to work with our schedules and he took the time over 3 months to show us over 20 houses. He was very knowledgeable and would give us his honest opinion. He always gave us great and honest advice but would still do whatever we asked of him. He found us such a good deal and when we thought we were extremely annoying or need to he was always pleasant and willing to help however.

*****Highly likely to recommend

09/15/2016 - DarleneWalworth Suchecki

Sold a Single Family home in 2016 in Coventry, CT.

  • Local knowledge: *****
  • Process expertise: *****
  • Responsiveness: *****
  • Negotiation skills: *****

Mr. Lindlau is an extremely knowledgeable and professional real estate agent. He made the whole home selling experience easier and I had complete trust in him. His negotiating skills were wonderful because he is such a great people person. I guarantee that you will not be disappointed if you choose Eric Lindlau for your Realtor.