Blog Post

Common Mistakes When Pricing Your Home

Tom Ireland • May 16, 2017

Deciding upon the right asking price is key to getting your home sold. It’s a balancing act between getting what your home is worth and pricing yourself out of the market. Here are five mistakes people often make when pricing their home. Avoiding them will help you get it right. Relying too heavily on what other […] The post Common Mistakes When Pricing Your Home appeared first on Andy Schildhorn, PREC.

Deciding upon the right asking price is key to getting your home sold. It’s a balancing act between getting what your home is worth and pricing yourself out of the market. Here are five mistakes people often make when pricing their home. Avoiding them will help you get it right.

  • Relying too heavily on what other homes have sold for — While this can be a useful indicator, you can’t be certain that other sellers got it right.
  • Including the cost of recent renovations in your price — It is rare to recoup 100% of renovation costs when selling.
  • Deciding on a price based on what you’d like to buy — Your price should be based on current market conditions.
  • Making the wrong comparisons — Don’t compare your home with one of another type or in a very different neighbourhood.
  • Starting high “just to see what happens” — An inflated price can alienate buyers.

For more details on these tips, click here.

🤗 Sometimes we need to smile.

By Andy Schildhorn • February 21, 2025
Baby eagles seemed appropriate after the Superbowl result. Would have much preferred it to be putting a baby Bengal Tiger but maybe next year! Support our very own LAPS   📣 "He is not a full man who does not own a piece of land." — Hebrew Proverb

🚗 Live Traffic Views in Langley

By Andy Schildhorn • February 20, 2025
The Township of Langley Traffic Cameras for up to date traffic information. Click here

🏡 Fraser Valley’s Market Snapshot January, 2025 📈

By Andy Schildhorn • February 19, 2025
SURREY, BC — Growing inventory and stable prices could lead to opportunities for buyers in the Fraser Valley market this winter despite uncertain economic conditions. Read More
More Posts
Share by: