Choosing a listing price for your home is a delicate balance that requires a lot of background research and market knowledge. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that if you go too high, your home might sit on the market for weeks, or even months. The truth is (rather than underpricing), overpricing is most sellers’ Achilles’ heel. A trusted real estate agent will be able to guide you in the right direction, but your gut reaction might be to ignore their advice because you don’t like it or have unrealistic expectations. The longer your home cools on the market, the less “hot” it’s going to appear to buyers—who may wonder why it hasn’t sold or what’s wrong with it. The resulting stigma can be enough to put a damper on an otherwise promising lead. What to do instead: price your home right at or even slightly below fair market value. The seller wins if it’s priced just a tad too low. If your listing price is just under market value, you’re more likely to get promising bites on your listing in less time than if you’d overpriced. You’ll have more negotiating power with more than one offer on the table, and can use the resulting leverage to facilitate a bidding war that can end up going even higher than your asking price. Check out below to see what sold in Woodlands of Northville in May 2021:
18260 Laraugh Drive, Northville: 5 bedrooms, 3.1 bathrooms, 2,727 sq. feet, 2.5 car garage, Sold Price: $650,000
Woodlands of Northville Home Sold
May 2021
44451 White Pine Circle E, Northville: 3 bedrooms, 3.1 bathrooms, 3,756 sq. feet, 3 car garage, Sold Price: $700,000
Woodlands of Northville Home Sold
May 2021
17623 Stonebrook Court, Northville: 4 bedrooms, 4.2 bathrooms, 4,000 sq. feet, 4 car garage, Sold Price: $930,000
Woodlands of Northville Home Sold
May 2021
In a bidding war, you won’t even have time to lower the listing price; you’ll be too busy fielding promising offers instead. For more information on Woodlands of Northville, or similar Northville or Novi neighborhoods such as Pheasant Hills, Autumn Park and Beckenham, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.