When homeowners are ready to sell their homes, one of the first questions they ask is, “What is my home worth?” Setting the right price helps determine how many buyers will express interest, how fast a home will sell, and how much money the home seller earns. Basically, pricing a home is a balancing act. If the asking price is too high or too low, the homeowner won’t attract the right buyers. Sellers who overprice their homes reduce their pool of potential buyers to just the elite buyers who can afford an overpriced home. The average home buyers may hesitate to make an offer. They don’t know if the seller is agreeable to selling the property for less than the asking price. Additionally, pricing a home correctly from the start will decrease the need for price reductions if the home lingers on the market. Price reductions are disappointing and emotionally draining for the seller. Plus, home buyers and real estate agents typically show less interest in “stale” listings. They might ask, “What’s wrong with this property?” The home’s perceived value drops even more.
Pricing a Home in Green Bay WI
As a Green Bay real estate broker with 15 years of experience, I have developed a knack for hitting the sweet spot for setting an asking price. Let me share a few of the lessons I learned about pricing a home in the Green Bay real estate market. Essentially, home sellers want to maximize their return on investment. However, they also need to price a home competitively so the real estate is attractive to buyers. Right now, it’s a seller’s market in Green Bay and Brown County, Wisconsin. (Looking to Buy a House? 7 Tips to Overcome High Prices, Low Inventory) Any home that is priced fairly will receive multiple offers within days of hitting the real estate market. Oftentimes, the unprecedented demand for homes triggers a bidding war. I’ve seen negotiations push the final offer thousands of dollars above the asking price. As a seasoned real estate broker in Brown County, Wisconsin, I consider current real estate market trends like these when I price a home for sale. An appraiser will assess the value of a home based on its physical features, but other factors also affect the resale price.
Factors that Affect the Price of a Home
- Green Bay and Wisconsin real estate market trends September Home Sales Declined as Prices Increased at Robust Pace
- Age, size, style, layout, and curb appeal
- Condition of the property, recent upgrades and renovations
- Location in a rural or urban neighborhood, city, village, town, school district
- Amenities, like the number of bedrooms & bathrooms and yard size
- Comparable sales prices for recently sold properties
Attracting Multiple Real Estate Offers
At Express Realty, we set the asking price just a bit higher than the value we expect to earn for a home sale. This strategy typically attracts multiple home buyers who are serious enough to submit competitive offers. Offers to Purchase from multiple buyers often drive up the final sale price, giving home sellers the highest price for their property.
Partner with an Experienced Broker
As you consider selling your home in Green Bay or Brown County, Wisconsin, you will definitely want to work with an experienced broker who is familiar with the Green Bay real estate market. Terri Balistriere, of Express Realty, consistently sells homes in the Green Bay area faster and for more money because of her real estate experience and negotiation skills. Because Terri has a solid understanding of what a property is worth, she knows how to price listings right. Sellers feel confident in Express Realty’s home valuation opinions, selling their real estate quickly and for the best possible price.
Express Realty’s Low Commission Model
Best of all, Express Realty low commission model enables clients to keep more of their hard-earned money in their pocket! Why pay 6% to sell your home with another real estate agent when you can pay Express Realty a lower commission of 4%? (Express Realty: Consistently Low Commissions Amid Real Estate Changes) You might save over 10K – and enjoy an exceptional home selling experience. Contact Express Realty for a free comparative analysis.
A Trusted Partner for Life-Changing Real Estate Decisions
Buying or selling a house is a huge, life-changing, financial decision. So, it pays to work with an experienced broker like me who can walk you through all of the details. Whether you’re a senior ready to sell or a first-time home buyer ready to purchase, Express Realty is the Green Bay, Wisconsin, company to entrust your future. Contact Express Realty today for a free Comparative Market Analysis.
About Express Realty: Express Realty is a Green Bay, Wisconsin, real estate company offering lower commission rates without compromising quality. Broker/owner Terri Balistriere fell in love with real estate when she and her husband flipped homes 20 year ago. Since that time, she has helped hundreds of Northeast Wisconsin residents fulfill their real estate goals. Whether you’re looking to buy, sell, or invest in real estate, Terri Balistriere is ready to help. Contact Express Realty, your Northeast Wisconsin real estate professional serving Brown County, Oconto County, Outagamie County, Sheboygan County, and Manitowoc County. Express Realty’s professional real estate services cover De Pere, Green Bay, Bellevue, Hobart, Allouez, Suamico, Pulaski, Little Suamico, Chase, Freedom, Wrightstown, Wrightstown, Little Chute, Kaukauna, Appleton, Oshkosh, and Sheboygan.