{"id":106947,"date":"2021-02-24T12:47:17","date_gmt":"2021-02-24T12:47:17","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=106947"},"modified":"2021-02-24T12:47:25","modified_gmt":"2021-02-24T12:47:25","slug":"price-home-to-sell","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/blog\/price-home-to-sell.html","title":{"rendered":"Tips On How to Correctly Price Your Home for Sale"},"content":{"rendered":"\n<p>Buying and selling a property can be frustrating at times, especially if you\u2019re doing it for the first time. There are multiple factors and <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/blog\/top-factors-affecting-property-value.html\" target=\"_blank\">elements that affect property value<\/a>. In one of our previous blogs, we shared the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/blog\/tips-first-time-home-seller.html\" target=\"_blank\">best tips for first-time home sellers<\/a> but in this particular piece, we will discuss how to correctly price your home to sell.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How To Price Your Home To Sell<\/strong><\/h2>\n\n\n\n<p>From job relocation to a noisy neighbourhood to immigration\u2014there are dozens of reasons why people change their homes. Sometimes, changing homes might entail selling your property and that process can be daunting. Please remember that there isn\u2019t a definitive timeline for selling a house. It could take a little longer than expected because, at the end of the day, you want the best price for your property. While there are few <a href=\"https:\/\/www.zameen.com\/blog\/things-to-do-if-your-house-not-selling.html\" target=\"_blank\" rel=\"noreferrer noopener\">things you can do if your house is not selling<\/a>, problems may persist. In such a situation, the first thing you need to do is check if your house has been priced correctly.<\/p>\n\n\n\n<p>The longer your house stays on the market, the lower are its chances of selling at your desired price. But there are a few things that can help you correctly price your home to sell.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Consider recently sold properties with similar attributes<\/li><li>Check if it\u2019s a buyer\u2019s market or seller\u2019s market<\/li><li>Ask your realtor<\/li><li>Test the waters<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2021\/02\/Blog-Body-01-17-1024x640.jpg\" alt=\"setting the price of property\" class=\"wp-image-106957\" srcset=\"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2021\/02\/Blog-Body-01-17-1024x640.jpg 1024w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2021\/02\/Blog-Body-01-17-300x188.jpg 300w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2021\/02\/Blog-Body-01-17-768x480.jpg 768w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2021\/02\/Blog-Body-01-17-640x400.jpg 640w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2021\/02\/Blog-Body-01-17-368x230.jpg 368w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2021\/02\/Blog-Body-01-17.jpg 1440w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>A realtor can help you set the right price for your property<\/figcaption><\/figure>\n\n\n\n<p>Now let\u2019s take a detailed look at all these points that will help in determining the selling price of a house.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Consider Recently Sold Properties<\/strong><\/h3>\n\n\n\n<p>Similar or comparable properties are those that are the same in size, condition, attributes and neighbourhood. For example, a <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/Homes\/Lahore_DHA_Defence-9-1.html?area_min=209.03184000000002&amp;area_max=209.03184000000002\" target=\"_blank\">10 marla house in DHA Lahore<\/a> will not be priced the same as a <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/Homes\/Lahore_LDA_Avenue-547-1.html?area_min=209.03184000000002&amp;area_max=209.03184000000002\" target=\"_blank\">10 marla house in LDA Avenue Lahore<\/a>. One needs to do their research about houses that are sold recently in their block or neighbourhood to get a rough idea about the asking price and selling price of similar homes.<\/p>\n\n\n\n<p>The research will only give you the idea of the average price of sold homes but you will have to determine the price of your house based on the condition, repairs, finishing and other factors involved in setting the price. Make sure that the price is not very high from the average price range and it is realistic to attract buyers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Check If The Market Favours Buyers Or Sellers<\/strong><\/h3>\n\n\n\n<p>You will know that it is a seller\u2019s market when there is a shortage of houses or the buyers have potential to buy a house. In this case, sellers have the benefit to ask for a better price because the probability of earning gains is relatively higher.&nbsp;<\/p>\n\n\n\n<p>In a buyer\u2019s market, there is a surplus of houses for sale in the market and the number of buyers is low. It is also possible that there is not enough potential in buyers and investors to spend money which may also result in a buyer&#8217;s market.<\/p>\n\n\n\n<p>The price of a house will obviously be different in both cases and the seller must consider this factor while deciding the price.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Ask Your Realtor<\/strong><\/h3>\n\n\n\n<p>If you are selling a house for the first time, you may not be able to decide the price as accurately as an expert realtor could do. It is always best to hire an expert such as Zameen.com to help you in selling a house because of their customer base and sales experience. A realtor has a better understanding of the market than a layman and knows the current trends, which is why they can suggest the right price. Although hiring an expert will be an additional cost but it will definitely be worth it.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2021\/02\/Blog-Body.02-1024x640.jpg\" alt=\"hire a realtor\" class=\"wp-image-106958\" srcset=\"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2021\/02\/Blog-Body.02-1024x640.jpg 1024w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2021\/02\/Blog-Body.02-300x188.jpg 300w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2021\/02\/Blog-Body.02-768x480.jpg 768w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2021\/02\/Blog-Body.02-640x400.jpg 640w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2021\/02\/Blog-Body.02-368x230.jpg 368w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2021\/02\/Blog-Body.02.jpg 1440w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>A realtor has a better understanding about the market than a layman and knows the current trends<\/figcaption><\/figure>\n\n\n\n<p>Zameen.com is the first and largest property portal in Pakistan that has revolutionized the real estate sector of Pakistan. Founded in 2006, Zameen\u2019s portal connects buyers and sellers online in the most convenient way possible. You can list your property on Zameen.com\u2019s listing page where it will have a reach of over 5 million users of the portal.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Test The Waters<\/strong><\/h3>\n\n\n\n<p>It is always better to ask for a higher price so that there is enough room for negotiation. Some sellers keep the asking price lower just because they need to sell their house urgently and don\u2019t want to negotiate with the buyer. Others may keep the price low in order to attract more and more buyers and sell it to the highest bidder.&nbsp;<\/p>\n\n\n\n<p>If you have set your heart on selling the house, you should put a \u201cfor sale\u201d sign outside and test the waters. The response of the customers is one of the best indicators to check if you have set the price right or not. A house that is no longer a good fit for you may be the dream house of someone else and they will be more interested if the price is attractive.&nbsp;<br>Meanwhile, if you are selling your home in Lahore and looking to buy another house, you can check out investment options in <a href=\"https:\/\/www.zameen.com\/blog\/apartments-zameen-opal-selling-out-fast.html\" target=\"_blank\" rel=\"noreferrer noopener\">Zameen Opal<\/a>, <a href=\"https:\/\/www.zameen.com\/blog\/reasons-invest-pace-circle-lahore.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pace Circle Lahore<\/a> and <a href=\"https:\/\/www.zameen.com\/blog\/should-you-invest-in-new-lahore-city.html\" target=\"_blank\" rel=\"noreferrer noopener\">New Lahore City<\/a> with promising returns on investment. You can also follow <a href=\"https:\/\/www.zameen.com\/blog\/\" target=\"_blank\" rel=\"noreferrer noopener\">Zameen Blog<\/a> to learn more about investment options in Lahore and other cities of Pakistan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buying and selling a property can be frustrating at times, especially if you\u2019re doing it for the first time. There are multiple factors and elements that affect property value. In one of our previous blogs, we shared the best tips for first-time home sellers but in this particular piece, we will discuss how to correctly price your home to sell. How To Price Your Home To Sell From job relocation to a noisy neighbourhood to immigration\u2014there are dozens of reasons why people change their homes. Sometimes, changing homes might entail selling your property and that process can be daunting. Please remember that there isn\u2019t a definitive timeline for selling a house. It could take a little longer than expected because, at the end of the day, you want the best price for your property. While there are few things you can do if your house is not selling, problems may persist. In such a situation, the first thing you need to do is check if your house has been priced correctly. The longer your house stays on the market, the lower are its chances of selling at your desired price. But there are a few things that can help you&hellip;<\/p>\n","protected":false},"author":99,"featured_media":106956,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11051],"tags":[35806,30730,33695,2925,55496,339,81077,81950,48948,48954,48956,46481,42995,39034,4666,81949,33794,81948,42996,129],"persona":[36016,32415,32428],"class_list":{"0":"post-106947","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-property","8":"tag-buying-and-selling-property","9":"tag-factors-affecting-real-estate-in-pakistan","10":"tag-lahore-buying-and-selling-trends","11":"tag-new-lahore-city","12":"tag-online-zameen-portal","13":"tag-pace-circle","14":"tag-pace-circle-lahore","15":"tag-price-of-property","16":"tag-price-your-home-appropriately","17":"tag-pricing-a-house-accurately","18":"tag-pricing-mistakes-to-avoid","19":"tag-pricing-your-home","20":"tag-real-estate-tips-for-sellers","21":"tag-selling-a-house","22":"tag-selling-property","23":"tag-things-to-do-if-your-house-is-not-selling","24":"tag-tips-for-common-sellers","25":"tag-tips-for-first-time-home-sellers","26":"tag-tips-for-selling-a-home","27":"tag-zameen-com","28":"persona-business-community","29":"persona-market-trends","30":"persona-tips-and-tricks","31":"cat-11051-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How To Price Your Home To Sell | Zameen Blog<\/title>\n<meta name=\"description\" content=\"Worried about the end result while putting up that &quot;for sale&quot; sign? These factors will guide you on how to price your home to sell.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/blog\/price-home-to-sell.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bookmark These Tips On How to Correctly Price Your Home for Sale\" \/>\n<meta property=\"og:description\" content=\"Read this blog if you are having trouble setting the right selling price for your home.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/blog\/price-home-to-sell.html\" \/>\n<meta property=\"og:site_name\" content=\"A blog about real estate, lifestyle and tourism in Pakistan | Zameen Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-24T12:47:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-24T12:47:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2021\/02\/COVER-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mamoon Ali\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Bookmark These Tips On How to Correctly Price Your Home for Sale\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mamoon Ali\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How To Price Your Home To Sell | Zameen Blog","description":"Worried about the end result while putting up that \"for sale\" sign? 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