Kelly Pearson | Luxe Premier Realty GroupKelly Pearson | Luxe Premier Realty Group

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Sell and Make a Profit

The asking price you set for your home significantly affects whether you will profit in the sale, how much you will profit and how long your home will sit on the market. Your real estate agent’s knowledge of the overall market and what’s selling – or not selling – will be invaluable in helping you determine the price. The objective is to find a price that the market will bear but won’t leave money on the table.

Here are some points to consider:

Time. Time is not on your side when it comes to real estate. Although many factors influence the outcome, perhaps time is the biggest determinant in whether or not you see a profit and how much you profit. Studies show that the longer a house stays on the market, the less likely it is to sell for the original asking price. Therefore, if your goal is to make money, think about a price that will encourage buyer activity (read: fair market value).

Value vs. Cost. Pricing your home to sell in a timely fashion requires some objectivity. It’s important that you not confuse value with cost – in other words, how much you value your home versus what buyers are willing to pay for it. Don’t place too much emphasis on home improvements when calculating your price, because buyers may not share your taste. For instance, not everyone wants hardwood floors or granite countertops.

Keep it simple. Because time is of the essence, make it easy for the buyers. Remain flexible on when your agent can schedule showings. Also, avoid putting contingencies on the sale. Though a desirable move-in date makes for a smoother transition between homes, it could cause you to lose the sale altogether.

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Luxe Premier Realty Group/Keller Williams

Luxe Premier Realty Group/Keller Williams

3 days 1 hour ago

Scoured the listings but can’t find what you’re looking for? A new construction may be in your future. Here are 3 reasons why it may be just the right fit:⁣
⁣
1. Most new constructions give you the open floor plan you want without the inconvenience of costly renovations. That's not to mention maintenance costs will be low, low, low for years to come.⁣
2. A new build will have the latest gadgets and gizmos for your modern family including outlets, charging ports, and plenty of security and energy-efficient features.⁣
3. Another perk? Get in early enough and you’ll be able to customize and upgrade just to your liking. Lean on your agent’s guidance for which upgrades are worth it and which ones to pass on. ⁣
⁣
If you’ve found an up-and-coming neighborhood you love and are thinking about buying new, let us help -- don’t miss out on your first-choice lot and location!⁣ #theluxeway

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     Kelly Pearson, Owner
    Luxe Premier Realty Group
    1002 Raintree Circle
    Allen, Texas 75013
    469-631-5893
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