Your Home Sold Guaranteed Realty - Reeds Real Estate

How to Price a Home in Virginia Beach, Virginia

Learn How to Price a Home in Virginia Beach 

Not sure how to price a home in Virginia Beach, VA, to get it to sell fast? If you’re new to selling a home, you may not know how to find the right balance between competitive and fair in your listing price. An accurate asking pricing influences the speed and profit of your home sale.

It’s possible to learn how to price a home in Virginia Beach, VA, by educating yourself on the home selling process. In this post, our team at Your Home Sold Guaranteed Realty – Reeds Real Estate Team will explain why pricing your home fairly is so important.

The Importance of Pricing to The Home Selling Process

So, why is pricing your home so important? Your home’s asking price is the first impression of the property for many potential buyers. 

If it’s too high, you risk buyers overlooking it in favor of similar, cheaper homes. They may not even bother reading through the listing to see what the justification for the high price is.

If you price too low, you risk losing out on thousands of dollars in profit.

How can you come up with the perfect price? Ultimately, hiring a real estate agent in Virginia Beach, VA, is the best way to come up with a balanced asking price. They have the tools and resources necessary to come up with a price that’s both competitive and fair.

Your real estate agent will sit down with you and share what your home is worth based on the Virginia Beach housing market data. If they suggest an asking price that’s lower than you’d anticipated, be sure to listen to their reasoning with an open mind. 

Keep in mind that your home is on the market with hundreds of other resale homes and brand new constructions. By sticking to a fair price, you have the best chance of your home standing out to potential home buyers.

The Dangers of Overpricing Your Home

There are several reasons home sellers may be tempted to overprice their homes. For example:

  • More bargaining room
  • Lack of market data
  • Planning to purchase a more expensive home 
  • Emotional attachment
  • Opinions of family and neighbors

Most of the activity on a recently listed home will occur in the first few weeks it hits the market. As a result, pricing a home in a way that creates a sense of urgency in the minds of agents and buyers is critical. 

That’s why you should never start with a high price and assume you can simply reduce it later. 

Buyers and their agents are likely to notice how long the home has been on the market. If that amount of time is too long, buyers might start to think that something is wrong with the property. 

Remember that every home buyer is looking for the perfect combination of a high-quality home at the best possible price. So if a house is priced correctly right off the bat, it will sell quickly. 

Why Working With a Real Estate Agent is the Best Choice

An optimal asking price strikes a balance between getting the home sold fast and giving you top dollar. The best way to determine a price is by working with a real estate agent in Virginia Beach, Virginia.

They’ll be able to provide you with a comparative market analysis (CMA), which is an in-depth comparison of the prices of recently sold homes in your area that are similar in terms of location, style, and amenities. 

In addition, the benefit of real estate agents is that they remain objective. They’ll show you the facts based on the housing market. However, they’ll work with you until they come up with an asking price you’re satisfied with.

Learn How to Price a Home in Virginia Beach, VA, With Our Team

A real estate agent in Virginia Beach, VA, is the best way to navigate market conditions. Their marketing and pricing strategies will determine how successful your home selling experience is.

For this reason, it’s crucial to interview at least three to five agents before selecting one. Look at their selling statistics and closely evaluate their track records to see if they’re the right fit to handle your home sale.

If you’re looking for an experienced real estate agent in the Virginia Beach, VA, area, look no further than Your Home Sold Guaranteed Realty – Reeds Real Estate Team

Our team leaders, Kelvin and April, have helped thousands of home sellers in Virginia Beach, VA, and the surrounding area sell their homes fast and for top dollar.

Our team also offers a number of seller’s guarantees to make the home selling process as risk-free as possible. To learn more about working with us to sell a home in Virginia Beach, VA, give us a call at (757) 799-4824 or fill out the form below.

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