In a red hot real estate market like Northeast LA, pricing your home right is key.
Real estate in Northeast Los Angeles continues to boom. Beyond ultra-hot Eagle Rock and Highland Park, homes in Mt. Washington aren't staying on the market long and we're seeking homes for sale in Glassell Park being snatched up after a single open house. If you own a home in one of these hot-market areas and you're thinking of selling your home, then you probably have a lot of questions.
One of the most important questions for home sellers is: How should I price my home?
Some people think they should price their home well above the market, in hopes people will make an offer, or negotiate down to the real price. Others think they should price the home just above the market, in hopes of fetching a few extra dollars.
Truth be told, pricing is used to attract buyers and offers, which then leads to negotiating the real price. So it’s important to price your home on the market so it generates lot of buyer interest … and ultimately lots of offers.
When you receive multiple offers, you can negotiate higher prices. As a seller, multiple-offer situations give you leverage. And pricing your home right is a key ingredient to getting multiple offers.
On our team, we work with home sellers to price their homes so they generate lots of interest and offers, which results in our homes selling for higher than the average real estate agent.
If you’d like to learn more about pricing your home so you can create a splash in the marketplace that brings in buyers and offers, contact Team Tracy today to receive expert insights into pricing your home.