How Do You Know if Your Central Ohio Home is Priced Correctly? - Central Ohio Real Estate Blog

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How Do You Know if Your Central Ohio Home is Priced Correctly?

The Raines Group can help you target the right price for your home.

The Raines Group will do everything we can to sell your home quickly, at the best price, and with minimal hassles. But the one thing we cannot control or change is the market. Even though we know how valuable your home is, its value from a selling standpoint will be determined solely by the buyer. To help you decide whether your home is priced correctly, The Raines Group has generated the following levels of seriousness.

The “Maybe This Seller Isn’t Serious” Level. No showings and no offers. Agents and potential buyers are not even interested in seeing your home. They believe they can get more for their money elsewhere.

The “It’s Okay… But I Think I’ll Keep Looking” Level. Either ten or twelve showings and NO offers, or just a few showings. Maybe the pace of showings has slowed since the first few weeks when the listing was initially placed on the market. Or perhaps the home has been on the market for four to six weeks with no offers. Potential buyers believe they can still get more house for their money, and they are willing to keep looking.

The “This Is It!” Level. Showings, second showings, and offers in the first four to six weeks. This means you have placed your house on the market at the right price. At this level, we should be able to hold within just a few percentage points of where your home is listed. Potential purchasers believe that your home is one of the nicest homes and best values on the market. Your price supports their belief that your house might be their next home. They are ready to buy it from you.

Remember, even if your home is priced correctly today, that may change tomorrow as the market fluctuates. We will monitor your asking price to make sure that your home is neither overpriced nor underpriced. Throughout the time your home is listed, we will keep you informed about market conditions so you can make decisions that will help you realize your real estate goals as quickly as possible.

If you are looking to buy or sell a property in New Albany, Gahanna, Blacklick, Westerville, or another Central Ohio community, please contact The Raines Group. We offer professional real estate advice and are happy to help you achieve your real estate goals. Please contact us today via our online contact form or by calling The Raines Group at 614-418-7417.

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