Pricing your home to sell - how shall we arrive at a good price?
Well there’s actually 3 things that are enmeshed together: they
are Price, Condition, Location. All 3 actually make your Schaumburg IL home either sell or be rejected by prospective buyers.
Obviously in this market with the elevated inventory you have to be ‘spot on’ with your homes price. Too high and no one will take your home seriously and it will be passed over. Too low? Well that really doesn’t happen too often except in distress sales, foreclosures and the like. A fair price – what a seller is willing to accept and a buyer is willing to pay. That’s what we normally strive for.
For Schaumburg IL homes here are some enlightening statistics that I've found. Price your house right in the beginning and you'll make more money! It's true and here's what I've found from current sold sales.
Schaumburg homes that have sold and closed sell at 94% of the list price or 6% off list.
Where it becomes interesting is the 'old sales price to selling price' which is at 90%. That is 10% off the original listing price. So homes that have sold in the Schaumburg IL area were 4% off their correct price and needed to be adjusted downward in order to sell.
Let's show you in dollars what that might mean:
| $200,000 | $8,000 |
| $250,000 | $10,000 |
| $300,000 | $14,000 |
Another fact that has proven out with Schaumburg IL homes was time on the market. Each closed home averaged 136 days on the market. Homes currently on the market (Actives) are now at 183 days on the market which is 47 days more and are still trying to sell!
Price your Schaumburg IL home as aggressively as you can and it will command a higher sales price than languishing on the market 'hoping' for that higher number.
Looking for an agent that's really a market expert? Let's get your Schaumburg IL home on the market and priced right to sell!
Lyn, I have told many a seller the days of testing the market with above average prices, are over. If the property is price correctly it will sell, other-wise, is sits (and costs you to sit on it)...Sit or sell are the choices. You would think this argument would be well received...but not always.