The Right Selling Price Affects Your Bottom Line

Monday, March 16, 2009 Labels: 0 comments

When you’re selling your home, the price you set is a critical factor in the return you’ll receive. That’s why you need a professional evaluation from an experienced realtor. The Realtor can provide you with a realistic assessment of your home, based on several factors including:
 Market conditions
 Condition of your home
 Repairs or improvements
 Time frame

In real estate terms, market value is the price at which a particular house, in its current condition, will sell within 30 to 90 days. If the price of your home is too high, several things could happen:
 Limits buyers. Potential buyers may not view your home, because it would be out of their buying range.
 Limits showings. Other salespeople may be reluctant to view your home.
 Used as leverage. Other realtors may use this home to sell against homes that are better priced.
 Extended stay on the market. When a home is on the market too long, it may be perceived as defective. Buyers may wonder, “what’s wrong,” or “why hasn’t this sold?”
 Lower price. An overpriced home, still on the market beyond the average selling time, could lead to a lower selling price. To sell it, you will have to reduce the price, sometimes, several times. In the end, you’ll probably get less than if it had been properly priced at the start.
 Wasted time and energy. A bank appraisal is most often required to finance a home.

Realtors have known it for years
Well-kept homes, properly priced in the beginning always get you the fast sale for the best price! And that’s why you need a professional to assist you in the selling of your home.





Time on the market controls the activity in the real estate market. Your property will attract the most activity from prospective buyers and real estate agents when it first appears on the market. After four weeks, showing activity will decrease to a much lower level as time on the market increases.

The greatest opportunity of selling a home is when it is a new listing.

Common Misconceptions in Pricing

It is imperative to price your home at fair market value from the beginning of the listing. Often 80% of the effectiveness of marketing is linked to where you price your home. In addition, your first offer on your home is usually your best offer.


Buyers and Sellers Determine Value…..Together!

The value of your property is determined by what a Buyer is willing to pay and a Seller is willing to accept in today’s market. The buyers of today have all the information that you have. They will base their offer by comparing your property to other sold properties in your area. They will evaluate your home against the other’s comparing the cost versus the value.

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