Pricing Your Home
The Importance of Intelligent Pricing
Determining the best asking price for a home can be one of the most challenging aspects of selling a home. It is also one of the most important and requires experience.
| If you list above market value |
You will miss out on prospective buyers who would otherwise be prime candidates to purchase your home. |
| If you list below market value |
You will ultimately sell for a price that is not the optimum value for your home. |
Buyers preview an average of 11.5 homes and look at an average of 57 homes online before they buy. They understand market value and perceive that an overpriced home means that the seller isn't really interested in selling. When you price your home at market value you generate more offers to purchase.
Timing is another critical factor to keep in mind when pricing your home. A property attracts the most attention, excitement and interest from the real estate community and potential buyers when it is first listed on the market. You have a greater chance to generate offers at market value if you price your home correctly when it is first offered for sale.
Therefore, your home has the highest chances for a fruitful sale when it is new on the market and the price is reasonably established. Century 21 agents provide you up-to-date information on supply versus demand and the market values of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle.
Pricing Your Home to Sell
Pricing your home correctly is crucial to selling your home in a timely manner at the highest price possible. Current market conditions determine the value.
Pricing too high or too low can cost you time and money.
Factors affecting the price:
| 1. |
Location |
| 2. |
Features |
| 3. |
Condition of your home |
| 4. |
Age of your home |
| 5. |
Current market conditions |
- What you paid for your home has noting to do with its present value.
- The value some agents put on your property is not always accurate.
- Homes you think are the same as yours may in fact be very different.
- Ultimately, the price is determined by what the buyer is willing to pay.
- We use the latest technology to gather the data necessary to determine the price.
- Our experience as agents helps us price the home correctly to sell.
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