Ignite FB Tracking PixelAdvice for Home Sellers: List a House for the Right Price - Steve Warren, Realtor®
Keller Williams Realty St Louis
Steve Warren, Realtor®, Keller Williams Realty St LouisPhone: (314) 608-4736
Email: [email protected]

Advice for Home Sellers: List a House for the Right Price

by Steve Warren, Realtor® 10/29/2018

Adding a quality home to the real estate market offers no guarantees. And if you fail to set a competitive initial asking price for your residence, your home may linger on the housing market for many weeks or months. Fortunately, we're here to teach you about the real estate sector and ensure you can use your home's initial asking price to differentiate your residence from the competition.

Now, let's take a look at three tips to help you establish the right price for your house prior to listing your residence.

1. Analyze the Housing Market

The housing market is tough to navigate, particularly for a seller who wants to separate his or her residence from the crowd. Thankfully, an informed home seller can review housing market data and use this information to establish a price range for his or her house.

A home seller who assesses the real estate sector can differentiate a buyer's market from a seller's one. This seller will collect and analyze housing market data related to the prices of recently sold residences and how long these houses were listed before they sold. Then, this seller can determine whether he or she is preparing to enter a buyer's or seller's market.

2. Conduct a Home Inspection and Appraisal

Although a home inspection usually is requested by a buyer after a seller accepts an offer to purchase, it may be beneficial for a seller to conduct an inspection before listing a home. An inspection enables a seller to identify problem areas in a residence. As a result, a seller can use an inspection report to prioritize home improvement projects, complete home repairs and boost the value of his or her house.

A home appraisal also may prove to be exceedingly valuable to a seller. In fact, an appraisal provides a seller with a property valuation that he or she can use to establish a competitive initial home asking price.

3. Hire a Real Estate Agent

There is no telling how homebuyers will respond to a new house that becomes available. Lucky for you, a real estate agent can help you plan ahead to list your house and ensure you can establish a competitive price for your home from day one of the property selling journey.

A real estate agent is an expert resource that you can leverage when you sell your house. He or she can help you review housing market data from a variety of sources. Furthermore, a real estate agent can put you in touch with the top home inspectors and appraisers. Perhaps best of all, a real estate agent takes the guesswork out of pricing a house and will help you set an initial home asking price that matches buyers' expectations.

When it comes to selling your house and maximizing its value, there is no need to work alone. If you hire a real estate agent today, you can get the help you need to showcase your residence to prospective buyers and boost the likelihood of a profitable home sale.

About the Author

Author
Steve Warren, Realtor®

Ethical: I am a client-focused, highly ethical real estate professional with nearly 20 years of experience in the housing industry. I will work hard to understand your needs and exceed your expectations. I will tell you the truth and operate in your best interest. I have the resources to find answers to most any question you may have concerning your transaction. Because of this, you can be confident that the information you receive from me will be honest and well researched. 

Professional Marketer: I have a bachelor’s degree in Marketing and am a professional marketing consultant with 20 years of experience marketing homes to retail buyers. I will use my marketing talents and experience to help educate you on the industry’s best practices concerning the staging, displaying and presentation of your home in the most attractive and marketable manner. This will help you sell your home more quickly and for more money. 

Internet and Social Media Expert: Current studies report that 94% of all home searches start on the internet. I have a high degree of expertise in internet and social media marketing in addition to conventional marketing practices. As part of my consultation, you will receive the same quality marketing that I charge up to $200 per hour to provide to my professional consulting clients. I will use the best and most effective marketing methods to generate buyers’ interest in your home. This will allow your home to be seen by more qualified buyers leading to a faster, more satisfying sale. 

Business AND Real Estate Professional: I founded and managed several successful businesses including both internet and brick and mortar retail sales operations. I will apply my resourcefulness, experience, tenacity and entrepreneurial spirit to the sale of your home and/or to assist you in your search for a new home. You receive the benefit of not only a Real Estate professional, but a business professional. 

St. Louis Area Specialist As an active, longtime St. Louis area resident, I am enthusiastic and knowledgeable about area cities, neighborhoods, entertainment and attractions. I believe that the St. Louis area is a great place to live, work and raise a family. 

Associations: I am a member of the St. Louis Association of Realtors, Missouri Realtors, the National Association of Realtors and the Mid America Regional Information Systems (Maris) MLS. 

What I do outside of Real Estate: I enjoy music, theater, dining out, craft beer and wine. I enjoy home improvements and gardening (to a point - I am not a professional remodeler). I am a model railroader and railfan. I am a car enthusiast, especially German cars, but I have an appreciation for all automobiles. I also participate and give back as a trustee for my subdivision association, a member of the BMW Car Club of America (BMWCCA), Porsche Club of America (PCA), Audi Club NA (ACNA), Specialty Equipment Marketers Association (SEMA), National Rifle Association (NRA) and the National Model Railroad Association (NMRA). I am a life member of the University of Missouri Alumni Association and Delta Sigma Pi fraternity. I currently serve as President of the St. Louis Chapter Porsche Club of America. I am a certified PCA high-performance driving instructor, driver and car owner in ChampCar, 24 Hours of LeMons and NASA sanctioned race series and an organizer and advanced teen driving instructor at Tire Rack Street Survival teen driving clinics. Activities in which I am involved have raised significant funds for Shriner's Hospital - St. Louis (EAS) and Ride On St. Louis in addition to training about 150 teens a year as safer drivers. For more information about me, my activities or the clubs and organizations listed above or, of course, to buy or sell a home or invest in real estate, please Contact Me.