Selling your home in Elgin? One of the most important steps you can take is pricing it correctly from the start. Price too high, and your listing might sit with no action. Price too low, and you leave money on the table. Here’s how to strike the perfect balance and set your home up for a successful sale.
Know the Local Market
Elgin’s real estate market is dynamic. Some neighborhoods sell quickly above asking, while others may require more strategy. Whether you’re in Bowes Creek, College Green, or Downtown Elgin, it’s crucial to look at comparable homes (comps) — recently sold homes with similar size, style, and condition within your area.
Consider Timing
Seasonality matters. Spring and early summer tend to be hot times for sellers, but motivated buyers are active year-round. If you’re listing in a slower month, your pricing strategy may need to be more aggressive to attract attention.
Don’t Rely on Zillow
Automated online valuations are just estimates — and they’re often wrong. Your home’s unique upgrades, layout, and condition won’t be factored in accurately. You need a local expert who knows Elgin pricing trends street by street.
Think Like a Buyer
Buyers in today’s market are savvy. They’re searching online and filtering by price, so even being $5,000 over the market can reduce your exposure. Pricing right helps drive multiple offers and stronger negotiations — often leading to a higher net than starting high and cutting later.
Use Strategic Price Points
Listing your home at $299,900 instead of $302,000 could place you in more buyer searches. Most buyers search in round-number brackets (like $250K–$300K). Hitting those sweet spots gives your home a visibility boost.
Thinking of selling in Elgin?
DM me or Get Your Free Home Valuation today!