How Do I Price My Property For Sale
Avoiding Overpricing Pitfalls
How Do I Price My Property For Sale? Determining the list price for your home once you are ready to sell is no small affair. In fact I would argue that knowing the amount of money you will capture from your sale is crucial to long term financial planning.
Overpricing is a common blunder committed by many an anxious seller. With so much
riding on the outcome of the sale, it’s a mistake easily made, but it can be a costly one.
When shopping for a home, the majority of buyers consider the price first. Nothing sullies
a property’s image more than seeing it languish on the market because it was initially
overpriced.
There are many reasons sellers mistakenly overprice their homes. Inadequate
information and lack of experience cause many people to misinterpret market conditions
Perhaps the owner elected to make expensive improvements with the intention of increasing
the property’s value, but the renovations cost more than the return on the investment. Or
maybe the owner purchased the house at an inflated price and is trying to compensate for
overpaying. Sometimes people choose to overprice their home with the intention of
bargaining later.
Since properties generate the most consumer interest when they first appear on the
market, it is critical to rely on the expertise of a professional real estate agent who can
provide you. With a comparative market analysis and help you determine a fair and
competitive price for your home.
My online pricing tool is a great starting point. There are lag times for these tools in certain times of the market such as periods of low inventory, low volume or if the subject property has not been sold for the past seven years. The tool is still a great starting point and provides the best overall view of a neighborhood. It also shows the real price of sold homes around you.
To get the most return on your investment do your homework! Do inspections prior to going on market.
HERE IS THE LINK TO FIND YOUR HOMES VALUE
