Pricing Strategies for Sellers!

So you are thinking of selling? Is this the time to sell? What about COVID 19? How is this uncertain time in our history affecting the market? According to the Real Estate Board of Greater Vancouver’s June 2020 statistics you might be surprised! 

"Home prices have remained steady with minimal fluctuation over the last few months,” Colette Gerber, REBGV Chair said. “With increasing demand, REALTORS® have begun seeing multiple offers for homes priced competitively for today’s market. REALTORS® continue to optimize new technology tools and practices to help their clients meet their housing needs in a safe and responsible way. Over the last three months, home buyers and sellers have become more comfortable operating within the physical distancing and other safety protocols in place.”

And that is exactly what I am seeing. As well as having COVID-19 safety systems in place for my buyers and sellers, and offering virtual meetings, my latest listing in North Vancouver sold in 7 days and above asking, in multiple offers! Pricing right in any market is paramount.  Some people want me to price their home high, others low. There are pros and cons to both. Priced too high, you risk being on the market longer than you may want,  priced too low and you may be “leaving money on the table” as my mom used to say. What about the number? You’d be surprised how many buyers won’t see your home because of the number you put at the end!   Setting your price right from the start will ensure you have a faster sale, and likely the best sales price that the current market will allow. Priced right- the only way to ensure your home is exposed to as many potential buyers as possible!  Deciding on the value and pricing of your home is a strategy based on facts, market analysis, psychology, and negotiating. Have more questions? Want to know what I would price your home at and why? Just ask! 

Contact me directly at 604 730 2600.