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The 4 Ps to Maximize Your Selling Price

The 4 Ps to Maximize Your Selling Price

 

When you sell, you’ll probably want to get the best possible price for your property. Who wouldn’t? Unfortunately, there are many ways to inadvertently leave money on the table – sometimes thousands of dollars. To avoid this possibility, utilize the 4 P’s to maximize your selling price! 

Preparation

Do all you can ahead of listing your home to ensure that it looks it’s absolute best. This includes decluttering, minor or major home improvements, and cleaning. Home staging is a fantastic way to elevate your property even further with the help of someone who knows exactly what a buyer wants to see. Effectively staged homes have been known to sell for up to 5 % more than comparable unstaged properties! 

Pricing

Setting the price just right is key. If you set your price too low, you will attract only deal-hunters and possibly get less than your home is actually worth. If you set your price too high, you could discourage buyers that may have made a good offer. Pricing a property involves a lot of research and knowledge of the current market. Hire a great realtor and trust their price recommendation! 

Promotion

Marketing is essential  when selling anything, so why should your home be any different? In order to get your property seen, you need a good realtor that has marketing procedures in place to ensure that your listing seen by the right people to get the maximum offer that your home is worth.

Proposal

Once an offer comes in, there may be an opportunity to negotiate with the buyer to maximize the final price you get. This requires deep knowledge of the local market as well as street-smart negotiation skills. If done effectively, these negotiations can help put more money in your pocket.

 

These four Ps are easy to remember, but sometimes not so easy to implement! That's why working with a great real estate agent is so important. Contact me to get the conversation started.

 

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