With some housing markets starting to cool off, pricing your home has to be just right. Go too low, and you leave money behind, go too high, and buyers bolt. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that sometimes, listing below market value can work for you, even though initially it seems like the wrong direction for your wallet. Also, in some situations, it could even get you more money in the long run, if you find the right starting price, and the market is favorable. When your home is priced too much below market value, then buyers may automatically think your home is in need of extensive repairs. Even if this isn’t true, the misconception can grow as the home sits longer on the market, and doesn’t sell at the reduced price, because people are concerned about the amount of work it may need. Check out below to see what sold in Autumn Park in September 2022:
22440 Darcey Court, Novi: 4 bedrooms, 4.1 bathrooms, 3,617 sq. feet, 3 car garage, Sold Price: $869,000
Autumn Park Home Sold
September 2022
When you decide to list your house above market value, you usually have indications the market would support this strategy. Most buyers – unless they fall in love with your home – will not want to voluntarily pay more. But even if they’re willing to, there’s still a limit to what most buyers can afford and you have to be careful not to overprice your home. For more information on Autumn Park, or similar Northville or Novi neighborhoods such as Pheasant Hills, Woodlands of Northville and Beckenham, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.