roper pricing can Many factors can affect the
significantly reduce the desirability of a property.
time your property is on Neighborhoods that are close to
the market. One of the most shopping, schools, transportation
important services offered by an and other conveniences typically
experienced real estate agent is will sell for more.
guidance in pricing. They can be
objective, and have access to Condition
current market data and the
selling prices of comparable The condition of your home can
properties. significantly increase the value
Here are some important factors and decrease the selling time.
that go into pricing and why it's Make sure your property is in the
so important to get it right from best possible condition at each
the start. showing. Your real estate agent
can guide you in setting up your
Determining Value: Experienced home to "show'"
associates have valuable
information at hand. With their Comparable Market Data
expertise in analyzing data, they
are able to present market Homes must be priced within an
information in its most useful appropriate range based on the
form and counsel you on pricing current market value. You are
while factoring in local market actually "selling" your property
conditions, economic climate and twice... once to the buyer and
the value of property once to the appraiser.
improvements.
The more interest generated; the
Location better chance of selling your
home. When your home is new on
the market it goes on the
realtors "HOT" sheet for 7days. A By reducing market time, proper
properly priced home should have pricing can reduce the time and
a good amount of activity during energy needed to prepare your
this period. The strongest home for showings, including
potential buyer activity on a keeping it in "show condition",
listing occurs in the early making child care and pet
stages of marketing. This is the arrangements and altering your
group with "pent-up demand" that life to accommodate showings.
has already begun to explore the
market and are awaiting new • Exposure to More and Better
properties to become available. Prospects
Additional activity will come
from buyers who are new to the At market value, you open your
market. home up to more people who can
afford to pay the price.
Even when a home is priced right,
other conditions such as time of • Increased Agent Response
year, the economy, the current
mortgage interest rates and At a reasonable price more agents
competition can all affect the will get excited about the real
time it takes to sell your prospect of selling your home and
property. will make more efforts to show it
to potential buyers.
Proper Pricing
• More Bottom Line Marketing
Proper Pricing = Reduced Market Results
Time
More ad and sign calls to real
• Less Inconvenience to You estate agents turn into showings
when price is not an obstacle. save mortgage payments and other
ownership costs.
• Higher Offers
• More Money to You
When your home is priced right
buyers are less likely to make If your home is priced right, the
low offers out of fear of losing excitement of the market produces
a good value. a higher sales price. You net
more in terms of both actual
• Faster Sale price and reduced carrying costs.
When your home sells faster you
About the Author:
Christine began her real estate career proving herself a top producer on a new high rise development. This experience gave her valuable knowledge of construction as well as the buying process and resulted in 4-million dollars in sales during her first year. http://www.getanewhome.net
Source: www.isnare.com
