How Do You Price Your Home For Sale 2023?

How to price your home for sale in 2023?
Pricing your home correctly is crucial for a successful sale. In this video, we dive into the three pricing strategies you need to consider when selling your house. Don't risk overpricing and losing buyer interest after a few weeks. Find out how to set the right price that attracts buyers and maximizes your home's value.
How to price your home to sell? First, we'll explore the Compared Market Analysis (CMA) and understand what buyers are willing to pay for homes in your area. Discover the listing prices homeowners aim for versus what buyers actually pay for similar homes. Here are some home selling tips when selling your home.
Option 1: Setting a new record! Pricing your home above fair market value (around 10% higher). With this pricing strategy you can have potential consequences. Low demand means fewer offers, ultimately leading to price reductions. Avoid chasing the market and protect your home's equity.
Option 2: Fair market value pricing. Understand the advantages and risks of pricing your home at a level that aligns with what buyers might be willing to pay. Explore how this strategy can bring decent offers or help neighboring properties sell faster.
Option 3: Creating a buyer frenzy. Discover the power of pricing your home below fair market value to generate high demand and a bidding war. Drawing inspiration from auctions, we'll explain how this strategy can drive up the price and secure a higher sale value.
Whether you're planning to sell in California or anywhere else, I'm here to assist you. Leave a comment below and share your thoughts on this video. If you're considering a move, even out of state, I'm part of a vast network with eXp Realty, connecting you with the right agent in any city or state. Contact me today and have a fantastic day. Stay tuned for more helpful videos!
If your'e looking to make a move, please connect with me:
Christian Medina
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I am a full time Realtor in Southern California out of the Inland Empire. I am a husband to a beautiful school mom, father of 2 boys, Gym rat and a wanna be chef.
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