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The Right Selling Price Affects Your Bottom Line
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. We can provide you with an honest assessment of your home, based on several factors including:
- Market conditions
- Condition of your home
- Competing Homes
- Repairs or improvements
- Your preferred time frame and terms
In real estate terms, market value is the price at which a particular house, in its current condition, will sell within 180 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 less 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 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. Appraisal is required to finance a home. Savvy buyers are getting appraisals even when they pay cash.
Agents have known for years – Well-kept homes, properly priced, always get a fast sale for the best price!