The right price means a successful sale.
-The amount of competition in your price category and area.
-The availability, flexibility and affordability of financing.
-The sale prices of similar homes sold in your area during the past 3 to 6 months.
Factors That Should Not Affect Your Selling Price
- The original price of the property (price is determined by today's market.
-The investment you've made in improvements.
-The cost to build your home today.
-The opinions of friends and neighbors.
Problems That Can Arise From Overpricing
-You might help sell similar homes that are priced lower.
-Your home may stay on the market longer.
-You could lose market interest and qualified buyers.
-You might create a negative impression of the property.
-You could lose money as a result of making extra mortgage payments while incurring taxes, insurance, and unplanned maintenance cost.
-You may have to accept less money.
-A potential buyer may face appraisal and financing problems as a result of the inflated price.
A Realty Association Professional Can Help You Price Your Home Right. With a mix of real-world experience and advanced training, a Realtor has the tools necessary to calculate the fair-market value of your home based on both the marketplace and personal considerations such as your must sell date.Remember, the right price is the key to a successful sale.