Is My House Priced to Sell?

Is my house priced to sell?

The right price means a successful sale. Pricing your home is an art and a science. Achieving the optimal price is the result both of objective research into comparable properties and a gut feeling about your property and the current market. The right price should always attract buyers, allow you to earn the most money possible and help you sell as quickly as possible.

The number one factor that helps homebuyers determine which homes they want to view is price. It is important to remember that you, as the home owner, set the price, but the home’s value is determined by the buyer. Overpricing is a common mistake that can cost you in the end.

Here are some factors you should consider when determining price:
1. The timeframe in which you need to sell
2. The amount of competition in your price category and area
3. The availably, flexibility and affordability of financing
4. The sale prices of similar homes sold in your area during the past 3-6 months

Here are some factors you should NOT consider when determining price:
1. The original cost of the property; price is determined by today’s market
2. The cost to build your home today
3. Emotional attachment
4. The opinions of friend and neighbors.

Problems can arise from overpricing. Your home may stay on the market longer. You could lose market interest and qualified buyers. You might create a negative impression of the property.
Hiring an agent can help you avoid overpricing. With a mix of real world experience and advanced training, I can help compute the fair market value of your home based on both marketplace and personal considerations. Remember, the right price is the key to a successful sale. Work with me to price your home accurately the first time.