It may not be easy to let go of something you have invested so much of your resources in, especially if it's your biggest property you call "home." Yet, sentimental value aside, selling your home will always mean "money" but it can also mean "disaster" if you didn't get to push the right button, so to speak.
Everyone can gamble for anything, if the price is right. So, if you are thinking of selling your house, you should price it the proper way, or else, the consequence.
Here are top three pricing mistakes you should avoid as a seller:
Pricing your house way higher than what you paid for
Whether or not your house is your biggest investment, this does not mean selling it can double the amount you have invested in. Fluctuation is everywhere and home prices are not an exception. Sometimes, pricing your house depend on the demand of homes for sale. Take note of the law of supply and demand then.
Your home price should be reasonable enough given that you renovated it
It's not wrong to set a reasonable price but it can be wrong to impose your price even if it doesn't sound reasonable to your buyer. If you think your renovation can recuperate the original expenses you had, you might be wrong, according to Ezine. Even if you have renovated it at its best, don't forget that the value of your house still depends on what was accomplished, not to mention the quality of the completed home improvements.
Pricing your house according to its sentimental value.
As mentioned in the outset, letting go of something you invested so much of yourself in isn't easy. Yet, just because your house is valuable to you doesn't mean the whole market should put a high regard on your property. Getting emotionally involved in your property you are about to sell is one of the home pricing mistakes to avoid. HGTV reminds that what you think your home is worth must not be your determining factor as you set the price.