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Price Your Home Right

The price tag on your home is the leading factor governing whether or not your home sells and how long it takes to do so.  Review the following suggestions to learn more about how to determine the right price and give your home the best chance of selling in today's market.

  • Worth is in the Eye of the Buyer: Your home will sell at the price the buyer is willing to pay and you are willing to accept.  However, this price is not determined by what  you, your agent, or your friends think the home is worth, but rather by the buyer who decides to make an offer.

  • Price It Right from the Start:  Your newly listed home will get the most exposure to potential buyers within the first few days on the market.  After the first few weeks, interest begins to decrease.  Don't waste those valuable first days by marketing your home at an unreasonable price.Price Your Boise Home Right

  • Pricing to Low:  Don't worry about pricing your home too low.  Homes that are priced low are recognized instantly by prospective buyers as a "good deal" and home seekers will jump on them.  If your priced too low, you will likely have multiple offers on the property and buyers can actually bid up the price  to the actual market value.

  • Accurate Comparables are Key: Knowing your competition and what similar homes are selling for in the market is essential to determining the right price for your home.  The best way to get good information about the market is to enlist a good real estate agent.  Real estate agents have access to a great deal of data on active listings as well as sold, pending, and withdrawn listings.  A good agent can put together a very comprehensive report on the market in your area and give you a good indicator of the market value of your home.

  • Time on the Market Costs:  If your home is overpriced, it will likely sit on the market for a long period of time.  Time on the market costs you financially in extra mortgage payments paid, in effort to keep your house clean and show ready while it's on the market, and in the possible loss of a home you would have liked to buy but that sold before you could sale yours and move forward. Most importantly, time on the market can cost you potential buyers.  A listing that sits on the market without selling becomes stale and buyers start to wonder if there is more wrong with the property then just the price.

  • Competing with REO's & Short Sales:  When deciding on a competitive price, you need to consider the types of sales that are influencing current market prices. If your home is in an area that has a high number of foreclosure, REOs or short sales, it will have a downward impact on the market price of your home.

  • Buyers Won't Offer on Overpriced Homes: Some sellers say, "I know it's priced high, but we can negotiate down if we get an offer."  Bad idea.  You may never get the chance to negotiate because few overpriced properties ever actually receive offers. Buyers are detered from homes with unrealistic price tags for the following reasons:  (1) they don't want to insult the seller by making an offer that is much lower than the asking price, (2) they believe the seller knows it's overpriced but isn't willing or able to accept a lower offer, or (3) they never see the listing because the inflated price tag puts it out of the range of home prices they are looking in.

There are no hard and fast rules to selecting the perfect price for your home, but between these tips, a good picture of the market, and advice from an experienced agent, you should be able to make an appropriate educated decision...the market will determine the rest.

 

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Newest Boise Homes for Sale

7570 W Blackberry Ct, Boise image
7570 W Blackberry Ct, Boise $489,900

This stunning 1800 square foot, 3 bed, 2 bath home offers a perfect blend of modern living and convenience. With an open floor plan, a gourmet kitchen, and a 3-car garage...

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  • 3 Beds
  • 2 Baths
  • 1,800 SqFt.
  • 0.14300000000000002 Acres
  • 98891207 MLS
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9525 W Malad, Boise image
9525 W Malad, Boise $599,000

Welcome to your dream fixer-upper nestled on a serene 1-acre parcel with an incredible bonus—an enormous heated shop with electricity! This property offers the perfect ca...

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  • 3 Beds
  • 2 Baths
  • 1,630 SqFt.
  • 1 Acres
  • 98891203 MLS
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2310 W Woodlawn Avenue, Boise image
2310 W Woodlawn Avenue, Boise $899,900

Inspired by Gustav Stickley, this lovingly restored Craftsman was built in 1912 by Omer Wilson Allen. The home was renovated in 2018-2019 to modernize and update while p...

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  • 4 Beds
  • 3 Baths
  • 2,382 SqFt.
  • 0.14 Acres
  • 98891195 MLS
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3912 W Cassia St, Boise image
3912 W Cassia St, Boise $369,900

Cozy Cottage style 2 bedroom, 1 bath home with new roof, windows, water-heater and flooring with in the last 2 years! If you are looking for an affordable home on the ben...

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  • 2 Beds
  • 1 Baths
  • 980 SqFt.
  • 0.16 Acres
  • 98891182 MLS
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2183 E Walling Drive, Boise image
2183 E Walling Drive, Boise $699,990

Nestled in the desirable neighborhood of NE Boise, located just off East Warm Springs Road, this updated home presents an exquisite opportunity for golf course living. Ov...

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  • 3 Beds
  • 3 Baths
  • 1,834 SqFt.
  • 0.12 Acres
  • 98890657 MLS
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5126 E Bandsaw, Boise image
5126 E Bandsaw, Boise $890,000

Nestled in Spring Creek at Harris Ranch, this serene single level 3-bed, 2.5-bath home with a large tandem 3-car garage, features a private front gated courtyard with Fre...

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  • 3 Beds
  • 3 Baths
  • 2,350 SqFt.
  • 0.181 Acres
  • 98891171 MLS
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3335 N Lakeharbor Ln Unit #105, Boise image
3335 N Lakeharbor Ln Unit #105, Boise $267,900

Welcome to your cozy retreat in the heart of North West Boise! This delightful 1-bedroom, 1-bathroom condo is perfectly situated near Lakeharbor, offering a serene and co...

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  • 1 Beds
  • 1 Baths
  • 618 SqFt.
  • 0 Acres
  • 98891165 MLS
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834 W Melrose, Boise image
834 W Melrose, Boise $520,000

Spacious and bright townhome located close to the Boise Bench, featuring 3 bedroom, 2.5 baths with a large master suite including separate tub and shower with walk in clo...

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  • 3 Beds
  • 3 Baths
  • 2,049 SqFt.
  • 0.067 Acres
  • 98891156 MLS
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20530 N Shepherds Pie Way, Boise image
20530 N Shepherds Pie Way, Boise $809,900

This home is nothing short of perfect! Well-appointed kitchen with huge granite island, gas range, abundance of cabinets, Butler pantry and water filtration system. Famil...

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  • 4 Beds
  • 4 Baths
  • 3,334 SqFt.
  • 0.22 Acres
  • 98890037 MLS
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10019 W La Jolla Dr, Boise image
10019 W La Jolla Dr, Boise $599,990

Entertain friends and loved ones, cultivate an oasis of relaxation, or anything in between-- the Albany 2317 is perfect for it all. A tranquil entryway awaits you at the ...

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  • 5 Beds
  • 3 Baths
  • 2,317 SqFt.
  • 0.156 Acres
  • 98891118 MLS
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Information courtesy of Intermountain Multiple Listing Service. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non‐commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. All listings provided by IMLS are marked with the official IMLS IDX icon.

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"We couldn't be more impressed by the dedicated, professional, custom-tailored services we received from TripleCord Real Estate when we decided it was time to sell our home and buy a new home." ~The Stichkas  

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Boise Communities

  • About Boise
  • 0550 - SW Boise
  • 0100 - North Boise
  • 0600 - West Boise
  • 0200 - NE Boise
  • 0650 - W Boise-Mer
  • 0300 - SE Boise
  • 0700 - Garden City
  • 0400 - Boise Bench
  • 0800 - NW Boise
  • 0500 - South Boise

Meridian Communities

  • About Meridian
  • 1020 - NE Meridian
  • 1000 - SE Meridian
  • 1030 - NW Meridian
  • 1010 - SW Meridian

Other Local Communities

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  • Caldwell
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  • Middleton

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3635 S Weathered Ave.
Boise, ID  83706
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