flgaland@gmail.com
    (386) 243-0124

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How to Price Your Home for Sale in Lake City (Or Anywhere)

how to price your home for sale correctly in Lake City - Lake City real estate agent

When you’re selling your home, whether it’s a house in Callaway or a home in Emerald Forest, only one person’s perception of its value matters: The buyer who’s making an offer.

Lots of people make the mistake of attaching sentimental value to the real dollar value of their homes—but that can be a huge mistake. So how does pricing a home correctly actually work?

How Your Realtor® Can Help You Determine How Much to Ask for Your Lake City Home

Your Realtor will perform a comparative market analysis, or CMA. The comparative market analysis requires your agent to look at homes very similar to yours in a similar (and nearby) location. Your agent will review:

  • Active listings. Active listings are the homes you see that are currently for sale.
  • Pending listings. Pending listings are homes that aren’t actually sold yet, but they are under contract.
  • Sold listings. Sold listings are houses that have closed within the past six months.
  • Expired, off-market, withdrawn, and canceled listings. These are typically homes that the sellers took off the market for any number of reasons, with the exception of expired listings. Expired listings are those that didn’t sell during the listing period. Many off-market, withdrawn, or canceled listings are pulled from the market before the listing expires because the prices were too high—but that’s not always the case.

The Mistake of Asking Too Much for Your Home

If you ask for too much, buyers aren’t going to bite—and then you’ll eventually have to lower the price. Unfortunately, when you lower the price, potential buyers are going to wonder what’s wrong with the home, and at the same time, the listing is going to start to look stale when compared to newer, more appropriately-priced listings.

The longer your home is on the market, the lower the likelihood that it’s going to sell.

The bottom line: Ask your Realtor to help you settle on the right price for your home as soon as you decide to list it. He’ll tell you how your house stacks up against others on the market so you can choose the right asking price the first time.

Are You Thinking of Buying or Selling a Home in North Florida?

If you’re considering buying or selling a home in North Florida, call us at 386-243-0124 or get in touch with us online. Tell us what you’re looking for and we’ll begin our search right away!

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Posted in: Blog, Selling Tagged: Asking Price, List Price, Pricing Your Home, Pricing Your Home for Sale, Selling a Home in Lake City

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As local expert I also have access to North Florida Land for sale before it hits the market and can show you more information that are only accessible in the MLS. If you would like to set up a time to go over your real estate needs, please free to contact me at your convenience. There is no obligation and or pressure... I hope to hear from you!

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Office: (386) 243-0124
250 NW Main Blvd #75
Lake City, Florida 32055

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Search Smarter

Did you know the hottest North Florida land for sale often sells within days of being listed? Don't miss out! Set up your own custom property alert so you can be notified of the newest land as they hit the market! Simply click the button below and choose the types of North Florida land you are looking for and save your search to start getting alerts today!

New Property Alerts

As a local expert, I also have access to North Florida land for sale before it hits the market and can show you more information that is only accessible in the MLS. If you would like to set up a time to go over your real estate needs, please free to contact me contact me at your convenience. There is no obligation and or pressure... I hope to hear from you!

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