Eli Skaff logo
remax-core-logo

Direct Line 613-739-9999

  • Home
  • Properties
  • About Us
  • Meet the Team
  • Blog
  • Articles
    • FREE Seller Home Evaluation
    • Buyer Instant Home Alert
    • For Sale By Owner
    • Ottawa on the Blog
    • Video Clips
  • Testimonials
  • Careers
  • Contact Us

Thinking of Buying?

Click here to get the newest listings in your area.

Thinking of Selling?

Click here for free home evaluation and market analysis.

How to price to sell and still 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.

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.

QUICK LINKS

  • LABOUR DAY WEEKEND IN OTTAWA!
  • Call us today at 613-733-3434
  • Combining our strengths, skills, and experience
  • Hire over 30 years of experience with one call!
  • Register today for our next home buying seminar.

Skaff Real Estate Group

  • Avenue North Realty Inc.
    482 Preston Street
    Ottawa, ON, K1S 4N8
  • info@skaffrealestate.com
  • 613-262-0212
  • 613-739-9999
Copyright © Skaff Home Marketing 2021
Remax Core

ForceFive Media - Ottawa Web Design