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. This
person can provide you with
an honest assessment of your
home, based on several
factors including:
-
Market conditions
-
Condition of your home
-
Repairs or improvements
-
Time frame
In real estate terms, market
value is the price at which
a particular house, in its
current condition, will sell
within 30 to 90 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.
A bank appraisal is most
often required to
finance a home.
Realtors have known it for
years – Well-kept homes,
properly priced in the
beginning always get you the
fast sale for the best
price! And that’s why you
need a professional to
assist you in the selling of
your home.
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