Did you know that 26% of active listings had price cuts in August 2024? Finding the right price for your home isn’t just about what you want – it’s about understanding what the market will bear. Let me break down the science and art of home pricing to help you maximize your property’s potential.
Here’s the truth: you can price your house however you want, but the market ultimately determines its true value. Think of it like this – your home’s price needs to be within “striking distance” of what buyers expect to pay. When you hit that sweet spot, magic happens.
Want to know a secret about pricing psychology? Here’s what really happens:
💡 Pro Tip: If you’re getting lots of visits but no offers, it’s usually a clear signal that your price needs adjustment.
Don’t fall into these common traps:
The national market shifted to neutral territory in July 2024, but local conditions vary significantly. Your strategy should adapt based on whether you’re in:
Quick and convenient starting point, but remember – algorithms don’t know your home’s unique features or condition.
Your agent provides crucial insights through:
The most accurate method, including:
If you need to adjust your price, remember:
The perfect price creates a balance where:
💡 Pro Tip: When buyers don’t make offers because they “don’t want to insult you,” it’s often a sign your price is too far from market reality.
When it comes to selling your home in Quebec, you need more than just market data – you need a partner who understands both the numbers and the neighborhoods. At Peter Thompson Real Estate, we bring a unique blend of local expertise and personalized service to every client.
Ready to discover your home’s true market value? Here’s how to connect with us:
📱 Call/Text: [Insert Phone Number]
📧 Email: [Insert Email]
🌐 Website: [Insert Website]
Book your complimentary home valuation today and receive:
Don’t leave your home’s pricing to chance. Contact Peter Thompson Real Estate today and let’s make sure your home is positioned perfectly in today’s market.
Peter graduated from Lasalle College in hospitality and spent 13 years managing the infamous Chateau du Lac, where he built a reputation for leadership and forming genuine, trusting relationships.
Peter’s real estate career is built on a foundation of honesty, trust, and tireless effort. He takes pride in going above and beyond to ensure his clients feel supported and confident throughout their journey.
Outside of work, Peter’s world revolves around his wife and two young boys, who inspire him every day. A die-hard Montreal Canadiens fan, Peter never misses a chance to cheer on the Habs or crack a dad joke to keep everyone smiling.
This is #AskPete. If you have any real estate questions, feel free to send them and I will get you the answers. Or stay up to date on the latest tips for real estate buyers and sellers by clicking the YouTube button below: