Setting the right list price for a home is a mystery for many sellers. How do you begin to determine what buyers are likely to pay for your property? After all, no two homes are exactly alike. Yet, setting the right price is crucial. You need to avoid the two price “tipping points” that, if crossed, can cause you a lot of problems.
 
The first tipping point is a price that’s low enough for buyers to begin thinking something is wrong. They wonder, “Why is your price so low? What are you not telling us about your property?” But that’s not even the worst problem with this tipping point. If you do get offers at that low price, you’ll have a bigger issue – leaving thousands of dollars on the table.
 
The other tipping point is setting your price so high it discourages buyers from giving your listing a second look. When your price is that high, you’ll get few inquiries and even fewer people coming to see your property. Of course, you can lower your price later, if necessary. But experience shows that reduced prices make potential buyers skeptical. Most sellers who price high in the hopes of getting a windfall actually end up selling for much less than they would have if they had priced their properties correctly in the first place.
 
So what’s the right price to list your property? The answer is somewhere in between those two tipping points.
 
Call 778.256.2888 today for help determining the right price for your property.
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Buying a home can be difficult for any first-time buyer. Knowing when the most appropriate time to purchase a home is as well as having everything organized is just half the battle. So, to help you along this process, your local Fort St. John realtor, Elizabeth Chi, has listed four of the most common home buyer pitfalls and how to avoid them.
 
Pitfall #1: Not Getting Pre-Approved
Most real estate agents will refuse to work with someone who has not been pre-approved. Going through this process tells realtors and seller’s that you are serious about becoming a homeowner and are not wasting their time. It also tells them that your finances have been reviewed by a mortgage professional and that you are financially equipped to own a home. Therefore, talk with your local lender and get pre-approved before you start the home buying process. 
 
Pitfall #2: Not Using A Real Estate Agent
Some people think they can buy a home without needing any help from a real estate agent. But, what they may not realize is that your Fort St. John realtor knows the ins and outs of the market and can help you receive an excellent deal on the home of your dreams. They also know about the surrounding areas and can provide insight into which neighborhood would be the best fit for your family.
 
Pitfall #3: Not Knowing What You Want
Shopping the residential market without having any clue about what you want can really drag out the home buying process. Instead, try to have an idea of what type of property you are interested in so you have some sort of starting point.
 
Pitfall #4: Not Viewing A Home Fast Enough
Fort St. John homes can sell fairly quickly, therefore, try not to hesitate when it comes to making an appointment to view a home. Instead, try setting up a viewing as soon as you’re interested in a house, to help eliminate the chance of that home getting off the market before you get the opportunity to make an offer.
 
Contact Us
If you would like to know about more home buyer pitfalls to avoid or if you are interested in working with a Fort St. John realtor, please contact Elizabeth Chi at 778-256-2888. 

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