How to Price Your Newport Beach Home | Pricing Your Newport Beach Home for Sale Like a Pro
When you are pricing your Newport Beach home at the right price for your home for sale could be the may be a difference in your home selling quickly, or your home sitting on the market without any offers. The longer a home sits on the market, the less it will sell for and the listing becomes stale. Buyers want to know why the home has been on the market so long, as days on market are as important consideration.
Generally speaking, the longer a listing stays on the market, the lower the offers.
REALTORS® are professionals when it comes to establishing the market values of your home.
Below are five tips that Realtors® use to determine a price of a Newport Beach property that actually gets potential buyers in the door of your home, while still getting the amount of money for your home.
Five ways your Newport Beach Real Estate Agent will use to price your home for sale:
- Consider your location – I am sure you have all heard the phrase that it is all about location. And that is an important consideration. Is your home in a desirable neighborhood? What is the location like within the neighborhood? Do you back up to a busy street? Are the homes in your neighborhood all kept up? These are all factors that need to be considered when establishing the market value for your home. Another consideration in the Newport Beach area is – is there a view? Is the property ocean front, bay front or Canal front? Is there a dock?
- History of Sales – What has happened to the market in the past several years? What was it like when you purchased the property? You can look at trends and see how much the market has appreciated (or depreciated) over the years.
- Review Comparable Sales – Review the recent sales in your neighborhood and see what has sold. Make sure you are comparing “like” properties with bedrooms, baths, square footage and of course condition of property. Also, be sure to consider active listing, back up and pending sales also.
- Think Like a Buyer – A good Newport Beach Real Estate Agent will take you around to view the other properties for sale so you can view what your competition is. Look at the condition of other properties, how they present, curb appeal, is it clean and decluttered? These are all factors to keep in mind!
- Don’t Let Emotions Play a Part – Be objective! It is not personal! It is a business transaction, however it is easy to get caught up in the emotions of the sale. Buyers are not trying to insult you. Once you list your home for sale, your Newport Beach real estate agent will be giving you feedback on the status of the home.
If you need help pricing your Newport Beach home for sale, please feel free to text, phone or email me today and I’m happy to help you.
If you need any assistance or recommendations, please contact me.