#34 Dream Pricing Your Home | DIY Homeseller

#34 Dream Pricing Your Home

VIDEO POST #

Determining the price your home should sell for can be very challenging at times. With all the online tools available to homeowners these days one might think pricing your home correctly is easy.  Ask yourself, can online tools see your property upgrades and determine the value of the upgrades. Below are a couple examples of how dream pricing works”

  1. Many online appraisal outlets use tax valuations as the basis for pricing homes near your home. They may only calculate your homes values using the average neighborhood square footage value. Your home could have a higher square footage value than your neighbors. It’s also important to remember prices based on tax values rather than actual value could cause you to either undervalue or overvalue your home; either way it will cost you money in the end.
  2. Then there is the best house in the neighborhood Many homeowners like to visit popular real estate websites to see how much the neighbor’s got for their house if it is available. Then, using a similar pricing strategy as the neighbors used, they misprice their home.

Todd explains to Curtis in this short video the downside of “dream pricing your home” and how it can really hurt the home seller to the point of no longer being able to sell their home.

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