Pricing Consideration
The single most important decision you will make when selling your home is determining the right asking price for your property.
Some things you might want to ask yourself:
What is most important to you in the sale?
Why now?
What do you love most about your home?
What work have you done to your home?
What are your top 5 expectations from your Realtor?
Understanding the Factors that Influence Overpricing
Extensive renovations/hidden costs
Desire to purchase in a higher-priced area
The original cost of the home was too high
Lack of real market information
Building in the bargaining room
Perceived emotional value
The Benefits of Pricing Right
Your property sells faster because it is exposed to more qualified buyers.
Your home doesn't lose marketability.
The closer to market value, the higher the offers.
A well-priced property can generate competing offers.
Realtors will be enthusiastic about presenting your property to buyers.
Determining the Value of your Home
The value of your home is what a willing buyer will pay and what a willing seller will sell for. Before you compare your home to similar properties and establish a competitive list price consider the following points:
Location
Size
Style
Condition
Community Amenities
Buyer Supply
Financing Options