Davidson Realty, Inc.

Why It’s Important To Price Your Home To Sell

September 9, 2024

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Posted by in News

Selling your home can be daunting. With so many items to check off the list, pricing your home is one of the most intimidating to-dos. Too high, and it might sit there for ages; too low, and you’ll miss out on that hard-earned cash. We spoke to Shelley and Tim Nemethy of The Nemethy Group at Davidson Realty, Inc. about the importance of pricing a home to sell and why a professional realtor should be on your team.

 

“Pricing your home correctly and according to what the market dictates will bring the greatest success in selling your home,” says Shelley. “Hiring an experienced and knowledgeable Realtor is important when it comes to pricing and marketing your home properly. One myth some sellers believe is their home should be listed at a certain price because their neighbor’s home sold at that price. This approach doesn’t take anything else about the home into consideration. So much more goes into pricing a home correctly, such as square footage, current updates, location, age, lot size, pool and much more. If your neighborhood is on a lake, ocean or preserve, each home will have a unique view and access.”

“Pricing your home correctly will give the seller the best chance to sell their home within the first 30 days and get the best price for the home,” continues Tim. “Pricing your home too high will cause it to sit longer on the market and cause the listing to get stale. Eventually, the seller will need to start making price adjustments, showing a sign of weakness and creating doubt with buyers about the property. This will lead buyers to wonder if something is wrong with the property, or they may feel they can get the home below market value.”

 

An experienced Realtor can help sellers avoid other simple mistakes that can cause complicated issues. Their trained eye can pick up minor repairs that can significantly impact a buyer’s perception of your home. Little items like cracked tiles or scuffed paint can make your home appear run-down. A trained professional can help the seller increase your home’s curb appeal, identifying quick fixes like a fresh bed of mulch or potted plants. Professional staging and high-quality photos are critical to creating a great first impression. A strong marketing plan that gets those photos in front of the right eye is equally important. A knowledgeable Realtor makes a great partner because they are an objective party without an emotional attachment to the home. They can view your home through a neutral lens and provide feedback, guidance, and a built-in network to ensure a smooth and profitable outcome.

 

If you’re ready to list your home, The Nemethy Group can help you understand the process and create pricing and a marketing plan that perfectly fits your home. Visit The Nemethy Group at Davidson Realty, Inc. at thenemethygroup.com or call Shelley and Tim at 904-553-6194.

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About the Author
Sherry Davidson
President of Davidson Realty

Since launching Davidson Realty in 1989, Sherry Davidson has built the firm to include nearly 60 agents and exceed $100 million in annual sales. She is known throughout the First Coast as an authority on all things residential real estate, having served on the Board of Directors for Northeast Florida Association of Realtors, Florida Realtors® (a division of the National Association of Realtors), and Builders Care (charitable arm of Northeast Florida Builders Association).

Thanks to Sherry’s leadership, Davidson Realty has been recognized as one of the state’s Best Companies to Work For (Florida Trend Magazine), as well as one of the region's Best Places to Work and 50 Fastest Growing Companies (Jacksonville Business Journal). Get to know Davidson Realty’s talented team of agents by clicking here or call us at (904) 940-5000.

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