Tuesday, January 31, 2012

4 Tips for Pricing Your Deep Creek Lake Home Correctly

Last week we talked about some of the key projects you can do to help sell your Deep Creek Lake home.  While making sure your home is appealing to buyers is a big part of getting your home sold, there’s a key factor in getting your home sold quickly that we want to cover today. 
As Deep Creek Lake Real Estate agents here at Coldwell Banker Deep Creek Realty, we understand the importance of making sure a home doesn’t sit stagnant on the Deep Creek Lake Real Estate market.  One of the worst things that can happen for a home is to be on the market for a long period of time since it loses interest from buyers the longer it sits.  
The number one reason a home doesn’t move off the market is because buyers see it as overpriced.  Pricing a home correctly can be challenging since the seller can have a sense of attachment to the home or may have lofty views of what they think their home is worth.  While it can be hard for sellers to see beyond their purchase price of the Deep Creek Lake home and all the upgrades they did throughout the years; keeping the current buyers market in mind is essential.
If you’re currently thinking of selling your Deep Creek Lake home; you’ll want to take a few minutes to review these four tips on pricing your home correctly!
1. Location- You can't get away from this one. If your Deep Creek Lake home is lakefront or has stunning lake views, you will be able to get a higher price than you can for the same house that’s inland. 

2. Condition- A Deep Creek Lake home that is well maintained and shows better will always sell for more than one that has had deferred maintenance and needs work.

3. Desirable Amenities
- If a house has amenities that are popular in Deep Creek Lake homes such as outdoor living space, open floor plan or porches with sweeping views, it will sell more quickly.

4. Calculate the price per square foot- The average price per square foot for homes on Deep Creek Lake shouldn't be the sole determinant of the asking price for your home, but it can be a useful starting point. 
Of course your Deep Creek Lake Real Estate agent will be able to guide you as you think of a sale price for your home.  Having a fair market price from the beginning will draw a lot of attention and can help ensure your home sells quickly.
Have questions about selling your Deep Creek Lake home?  Feel free to contact us!  We enjoy working with buyers and sellers and would love the opportunity to work with you to get your Deep Creek Lake home sold
We hope to hear from you soon!
Patrick Kane
Sales Manager/Co-Owner
Coldwell Banker Deep Creek Realty
Your Deep Creek Lake Real Estate Expert

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