If you’re getting ready to sell your home in Saskatoon and have no idea what a good asking price is, you’ve come to the right place. We’ve compiled a list of the biggest mistakes people tend to make when they are determining their home’s list price.
- Being Unwilling to Negotiate– Homes are rarely sold for its exact asking price, so it is a good idea to make sure that you list your Saskatoon home at a price with some flexibility. If you’re unwilling to negotiate, you might turn away serious buyers.
- Pricing Too High to Start – Flexibility is important but so is having realistic expectations. Starting out at an outrageously high price will likely harm your chances of selling quickly. Statistically, homes priced closer to its value sell faster than those that start high and adjust downwards.
- Not Basing Your Price on Homes that are Sold – Anyone can list a home for any price they want. However, it’s a good idea to look at homes that have sold recently in your Saskatoon neighbourhood. Looking at these homes as opposed to the competition will give you an accurate depiction of the housing market and help you price accordingly.
- Picking a List Price Based on Emotion or Need – Listening to your realtor or appraiser about what your home is worth is extremely important. Choosing to list your Saskatoon home based on what you personally think the home is worth or based on what you need financially will likely lead to an unrealistic price.
If you follow these tips, your home is going to be set up for a successful listing and hopefully a quick sale. Our team at North Ridge Realty is here to help answer any questions around selling or buying a house or any general questions about real estate in Saskatoon.