Why Didn’t Your Orange County Home Sell? | Fridays With Fred


    Selling Strategy for Your Orange County Home

    As we approach the end of 2013 more Orange County homeowners are considering selling their homes than ever before, to take advantage of the hot demand for homes in Orange County that has remained consistent all year long.

    One thing that every homeowner must do when they start thinking about selling their home is to ask what their home should be priced at because, the price that you choose to list your home for sale at will be the difference between success or failure when it comes to selling your home fast or having it stay on the Orange County Real Estate market for an extended period of time.

    Pricing At Market Value

    The first way you can price your home is to price it at just below market value. For example: If your home is valued at $350,000 you should price your home at $349,000 because, every home buyer likes to feel like they are getting a great deal on home regardless if it’s priced $1,000 or more below its current value.

    Testing Market Value

    If you know that your home is valued at $350,000 but you want to really test the market value of your home you should list it at $319,000 because, this will attract the attention of more home buyers in the area and even potentially attract multiple offers which could ultimately enable you to sell your home for more than its $350,000 value.

    Overpricing Your Home

    It’s almost always a better idea to list your home below its current value than it is to overprice it, but if you feel that your home is worth far more than its current value you could try overpricing your home. For example: If your home is worth $350,000 you could try listing your home for $375,000 to $400,000. This strategy might work but it may also hurt your bottom line as well if your home sits on the Real Estate market longer than you wanted and you may ultimately lose thousands of dollars when selling your home because, you priced it too high and lost out on attracting multiple offers on your home.

    Contact a Top Orange County Realtor

    Choosing the right price to sell your home may seem confusing but the good news is that you don’t have to do it alone. Contact the experienced team of Orange County Realtors at Fred Sed & Associates today by calling us at (949) 272-0125 for a free Real Estate consultation.

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    Our agents write often to give you the latest insights on owning a home or property in the local area.