Setting Your Property's Price

Setting the price on your home is the most important decision you can make concerning your family's finances. To arrive at market value you must use an objective evaluation of the home with an accurate assesment of market conditions.

Setting the price on your property too low can cost you thousands. You may get a quick offer, perhaps several. You may sell quickly. But you lose money on your biggest investment.

It's just as bad pricing your property too high. Buyers that might be perfect for your property won't even see it if it's not in their budget. Agents won't show it unless they want to show a comparison property is a good buy. Your property languishes on the market and becomes stale. A home has it's best chance to sell in the first few weeks on the market.

Many buyers get the idea to price high just to see if they can get it. Usually this is a trap.

Pricing your home right from the beginning gives you the best oppurtunity of exposing it to the most qualified buyers, having it the on the market for the least amount of time and maximizing your return on investment. Unless you are distressed for your sale, aim for the full market value.

Many home sellers make a mistake by implementing the 'let's try it and see' pricing attitude. But testing the market can be dangerous. A property receives its best exposure during the first three to five weeks on the market.

The process of pricing a home is arrived at by several factors. Market conditions are a major factor. Is it a buyer's market or a seller's? What have comparable properties sold for recently? What is a realistic evaluation of your property. This is when a qualified sales agent is needed. An agent that is active in your area with a knowledge of your local market can be a great aid. An experienced agent is aware of all effects in your particular market.

Feel free to comb thru the local listings you can access in my top menu above. Search for comparable houses in your vicinity to help determine your pricing. I can provide you with a free comparative market analysis to assist you in correct pricing of your property. Just give me a call or click on the menu to the left.