Oct 122010

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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