Pricing Your Home
Pricing your home is, perhaps, the most important part of selling your property. The right price guarantees you a maximum return on your investment and a quick sale at the same time.
The real estate market is constantly fluctuating, so pricing is not an exact science. Rather, it is a reasonable figure derived from a number of different variables such as:
- The current real estate market
- Selling and listing prices of comparable homes in similar neighborhoods
- Such variables as lot size, square footage and condition of your home
- Location, special amenities and features that set your property apart from the competition
- Your level of motivation
I want to sell your home at the highest price and in the least amount of time.
- Over pricing reduces the response the Realtor will receive from the various sources of advertising. It reduces the number of showings.
- Your property must compete with properties now on the market. Buyers buy by comparison. Homes not comparing favorable with those the buyers have inspected, do not sell. It makes the competition look better.
- Properties which have not sold, make buyers hesitant to buy. They are fearful that there is something wrong with the home.
