The Right Selling Price Affects Your Bottom Line
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.