How to Price MLS Homes for Sale in Elk River and Make a Profit

The asking price you set for your home significantly affects whether you will profit in the sale, how much you will profit,and how long your home will sit on the market. As a Keller Williams Realty agent in Elk River, our knowledge of the overall market and what's selling - or not selling - will be invaluable in helping you determine the price. The objective is to find a price for your Keller Williams Realty listing in Elk River that the market will bear but won't leave money on the table.

When you sell your home, we encourage you to use our website as a tool to keep informed of specific market changes as they relate to your home sale versus generalities from other property listing sites in Elk River. In addition to being FREE, you can set up a custom search to monitor competing listings for homes for sale in Elk River, stay on top of market changes, like price reductions, and set up text alerts. Our website is one of the most comprehensive real estate listing websites of MLS listings in Elk River. It has all listings for Keller Williams Realty in Elk River, plus all MLS real estate for sale in Elk River, and our team’s listings in other cities like Ramsey, Otsego, Roger and beyond.

1) Time: Time is not on your side when it comes to real estate. Time is the biggest determinant in whether or not you see a profit and how much you profit. Studies show that the longer a house stays on the market, the less likely it is to sell for the original asking price. Therefore, if your goal is to make money, think about a price that will encourage buyer activity (read: fair market value).

2) Your Value vs. Market Value: Pricing your home to sell in a timely fashion requires some objectivity. It's important that you not confuse the value of your home compared to other realtor listings in Elk River, or in the community you live in. In other words, how much you value your home versus what buyers are willing to pay for it. Don't place too much emphasis on home improvements when calculating your price, because buyers may not share your taste. For instance, not everyone wants hardwood floors or granite counter-tops.

3) Keep it simple: Because time is of the essence, make it easy for the buyers looking for homes for sale in Elk River or your community. Remain flexible on when your agent can schedule showings. Also, avoid putting contingencies on the sale. Though a desirable move-in date makes for a smoother transition between homes, it could cause you to lose the sale altogether.