{"id":6206,"date":"2016-09-30T05:33:49","date_gmt":"2016-09-30T05:33:49","guid":{"rendered":"https:\/\/www.movoto.com\/foundation\/?p=6206"},"modified":"2024-01-03T12:31:05","modified_gmt":"2024-01-03T20:31:05","slug":"fresno-mls-7-rules-for-pricing-your-home-correctly","status":"publish","type":"post","link":"https:\/\/www.movoto.com\/blog\/fresno-mls-7-rules-for-pricing-your-home-correctly\/","title":{"rendered":"Fresno MLS: 7 Rules for Pricing Your Home Correctly"},"content":{"rendered":"

If you\u2019re like most Fresno homeowners, you want to set your home\u2019s Fresno MLS<\/a> listing price on either what you originally paid for your residence, the balance of your mortgage outstanding, or the profit you would like to make in order to move to another home. However, the reality is that your home is only worth what the local market will bear. By pricing your home too high, you could discourage some potential buyers to walk away without making an offer, while others won\u2019t want to look at it at all.<\/p>\n

Doing your research before you set your price will generally result in much more reasonable expectations on your part, and a quicker sale at a more palatable price. Here are 7 rules to keep in mind when settling on a sale price for your home:<\/p>\n

1. Determining Your Priorities is a Priority<\/h2>\n

\"Fresno<\/p>\n

Source:wikimedia.org<\/span><\/p>\n

In order to set a realistic price for your home, you need to clarify what is important to you and identify your needs. What are you attempting to accomplish through your home sale? What situations would represent your best and worst-case scenarios? How much time are you willing to dedicate to the process of selling your home<\/a>? By establishing priorities, you\u2019ll be free to assess your options and investigate potential ways to meet your goals without losing sight of your own best interests. For example, if selling your home at your first open house is your goal, and you know that the median number of days<\/a> a Fresno home stays on the market is 70, you\u2019ll need to adjust your price accordingly<\/p>\n

2 Decide Whether You Want to Sell Fast or Sell High<\/h2>\n

When putting your home on the market, it may be tempting to begin by listing it at a premium price just to see if you get any nibbles, especially if you live in an area like Fresno where the home prices are rising and buyers are competing. Experienced real-estate professionals generally advise against that approach. Setting an appropriate price from the start is crucial in getting it sold quickly and at the best price.<\/p>\n

Market research indicates that a home that starts overpriced, has the price dropped several times and then languishes on the market will end up being sold for less than what the seller should reasonably expected to receive, and the longer your home sits on the market, the more likely the original price will be deeply discounted. If you are determined to sell your home for the absolute maximum that the market can bear, you\u2019ll need to make upgrades, repairs, improve curb appeal and exercise considerable patience while waiting for those prospective buyers.<\/p>\n

Nobody wants to undervalue their property. However, there are times when it is appropriate to adjust your price down to fit into a timeline situation. For example, when time is of the essence, it\u2019s not reasonable to expect to sell your home quickly at or above its market value. Some \u201cmust sell\u201d scenarios include:<\/p>\n