Home Selling Prices

Whether you’re selling your first home or your tenth home, your level of emotional attachment may continue to surprise you. During the period of time while you own a certain piece of property, it often transitions from being just a “house” to truly being a “home.” You have most likely added certain touches that show your own personal tastes and design flair, such as paint, wallpaper, landscaping, or other decorative accents.

Take an Objective Stance
As difficult as it may seem, it’s important to separate emotional reactions from the home selling equation. When you decide to sell, try the mindset that your home is now just a “house.” If you’re fortunate, many people will take the opportunity to view your house and evaluate whether it matches their needs. Keep in mind, however, that everyone’s sense of style is different, and if prospective buyers do not like certain aspects of your home, it’s important not to take this personally.

Additionally, it’s important to remain emotionally detached when it comes time to set an asking price for your home. You may have fallen in love with a certain mural painting that cost you $10,000 to commission, but your prospective buyer may consider that to be the first item he repaints! Always evaluate your home based on standard industry benchmarks, and not simply emotional attachment. Remember that buyers will have their own unique set of emotional attachments to certain features in a home.

The best way to set a selling price for your home is to obtain as much objective, comparative information as possible. Our HomeSmart Value Report offers you the same statistical analysis used by mortgage lenders to value homes they invest their money in, at the low price of only $24.95. This report offers you a much more in-depth understanding of the true value of your home, which will enable you to choose an appropriate selling price.

Updated: December 20, 2017 — 4:59 am
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