Are you going to put your home on the market this year? Do you want to find out the best time of the year to successfully list and sell your home? Research has shown that the Spring is the best time overall to list your home for a variety of reasons. In Greensboro, home sales tend to increase during the months of March through June, as the warmer weather gets people outside to look at neighborhoods and new homes. According to Time Magazine, most buyers prefer to move during the summer months:
“The best time of the year to sell a house is the spring. Buyers come out of the woodwork during the spring, and with tax refund checks in the bank, spring buyers more often pay full price. In fact, sales peak in the spring, helping to explain why about 60% of those who move do so in the summer. Tip within a tip: Don’t price your house with a zero at the end. Studies show that people perceive a precise price, such as $282,284, as lower than rounded ones, such as $280,000, even when the rounded prices are actually lower. Real-life sales show that one zero at the end of an asking price lowers the final sale price by .72% and two zeros lower it by .73%. That may not sound like much, but it can add up to thousands of dollars.”
Since families would prefer to not move during the school year, the summer is the ideal time to relocate to a new home. Make sure it is priced right by selecting an experienced real estate agent to be your Selling Agent, so you can have all of the available data and tools to make your sale successful. At Smith Marketing, Inc., our 27+ years of residential real estate knowledge creates a winning formula for every home sale in Greensboro.
How to Price Your House Correctly for Greensboro Home Sales
What are some of the factors to consider when determining a sale price for your home? One helpful resource that is provided by our firm is a comparison of similar homes, or ‘comps’. By reviewing the sales prices of comparable properties, you can narrow in on a price that makes sense for your home. Your agent will take into consideration the age of the home, lot size, square footage, condition of the home, amenities, location, and the number of bedrooms and bathrooms. These are all important considerations for the following reasons:
- Age: Compare homes within the same age range, for instance, do not compare a home built in 1915 with a home built in 2002.
- Lot Size: The lot size should be very close to the lot size that you are listing. If one home had 1-2 acres and the listing home had .25 acres for the lot size, there is a significant difference that changes the value of the home.
- Square Footage: Larger homes typically have larger sales prices, and buyers usually search for homes by the desired square footage.
- Condition of the Home: Simply looking at comps by square footage isn’t enough, especially when a home is a fixer-upper compared to a move-in-ready home.
- Amenities: Pools, gourmet kitchens, and other amenities will increase the sale price of a home. Make sure you are comparing apples to apples when you are looking at other Greensboro home price.
- Location: Does your home have a nice view, or is it located on a busy road or quiet cul-de-sac? The location affects the price of the home and needs to be compared to similar homes in similar locations.
- Number of Bedrooms and Bathrooms: This is another huge searching factor for buyers, who want a specific # of bedrooms or bathrooms in their new home. The home prices vary according to the number of bedrooms and bathrooms, even within the same square footage range.
Call the Experts in Greensboro Home Sales
There is a large amount of research that goes in to pricing your home correctly. Save yourself the headaches of having to lower your price every other month by getting it right the first time. At Smith Marketing, Inc., our trained agents have the tools, techniques, training and tips to help you successfully list and sell your home. Contact our office today to get the highest level of service and experience with Greensboro, High Point and Winston-Salem Home Sales: 336-215-7880.