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® and an honest assessment of your home, based on several factors, including:
- Market conditions
- Condition of your home
- Repairs or improvements
- Selling timeframe
If the price of your home is too high, this could cause several things:
- Limited number of buyers. Potential buyers may not view your home because it appears to be out of their buying range.
- Fewer showings. Salespeople are reluctant to show over-priced properties.
- Used as leverage. An over-priced home will make better-priced homes appear as a bargain
- Extended stay on the market. When a home is on the market too long, it may be perceived as defective. Buyers will wonder, “what’s wrong,” or “why hasn’t this sold?”
- Lower price. Often the result when an over-priced home sits on the market for a longer than average time. 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 in the first place.
- Wasted time and energy.
Well-kept homes that are properly priced in the beginning always get you the fastest sale for the best price! And that’s why you need a professional to assist you in the selling of your home.
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