Pricing
Your Home To Sell
In
addition to location and condition, the asking price of a home is at the top of
the list of important considerations.
When a potential buyer is looking for a property, they want to get the
best possible value for their dollar.
This doesn't mean that a home should be priced too low, but it does mean
that knowing how to price your home is a must.
Know
The Value
Regardless
of whether you are in a buyer's market or seller's market, it's important for
every seller to know the actual value of their home with the help of an
appraisal. With this information, you
will be able to choose a listing price that does not exceed the home's
value. At the same time, you will know
how to react to various offers that a potential buyer may make. If you can select a price that is affordable
to a range of buyers, you may receive multiple offers thereby sparking a
possible competition among the interested parties.
Do
Your Homework
The
asking price that you choose should not be based on an appraisal alone, but
rather a combination of factors. One
such factor is that of recent selling prices for comparable homes in the area
known as “comps.” Important comparisons
include construction year, square footage, views (if applicable), interior
upgrades and additional features that make the home unique. While you're doing research, check out
current listings and the asking price for each home available in your area.
Set A
Realistic Timetable
In
researching the sale price for other comparable homes in the area, you should also
note the length of time a particular house has been on the market. Some homes practically sell overnight, while
others may remain on the market for months without being sold. If you want to sell your home quickly, you
should consider this when setting a price.
A bargain will obviously move quicker, but it's important to make enough
from the sale to feel good about your choice.
If you aren't in a hurry to close, talk with your realtor about a fair
starting price that's at or near the appraised value of your home.
Ask
Your REALTOR® For Advice
While
you hold the key, so to speak, to your house's actual asking price, most
sellers will ask their REALTOR® for their opinion. After all, real estate is their business and
they will be working with you through every step of the process. If you choose a REALTOR® that you trust, give
great consideration to the advice they offer.
See our website at http://naplesrealestateteam.com/ for more helpful real estate information and powerful search engines to help you find the home of your dreams.
See our website at http://naplesrealestateteam.com/ for more helpful real estate information and powerful search engines to help you find the home of your dreams.
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