Pricing Your Home

An appropriately priced home will sell within a reasonable amount of time, and close to the asking price. An over-priced home often sells at a lower price than it should, with a longer market time. For any questions, please feel free to contact us.



WHAT ARE THE PROBLEMS OF OVER PRICING

  • Reduces advertising response
  • Reduces activity generated by other Realtors
  • Loses interested Buyers
  • Eliminates offers
  • Helps sell the competition
  • Extends Market time, costing you more money

 

WHAT INFLUENCES PROPERTY VALUE?

  • Location
  • Similar homes for Sale in your area: How many are there? What is the price range?
  • Similar homes recently sold in your area
  • Overall condition of the home
  • First impressions created by outside appearance
  • Current interest rates
  • Economic conditions
  • When pricing your Home you may also want to consider special concerns you may have.
  • For example, do you want to be able to move in four months?


WHAT DOES NOT AFFECT PROPERTY VALUE?

  • Original purchase price
  • Your investment in your property
  • Personal attachment