Pricing Your PropertyThe single most important decision you will make with your Sutton Group Premier Realty Real Estate Professional is determining the right asking price for your property. Once you've achieved a realistic sale price, you can count on your property being professionally marketed and promoted to bring more buyers to your door. You can also expect to sell your home for the best possible price in the least amount of time. The Benefits of Pricing Right
Determining the Value of Your HomeThe market ultimately determines the true value of your property. Before you compare your home to similar properties and establish a competitive list price, the following points should be considered:
Getting to Know Your MarketA comparative market analysis is an indicator of what today's buyers are willing to pay for a home. It compares the market activity of homes similar to yours in your neighbourhood. Those that have recently sold represent what buyers are prepared to pay. The homes currently listed for sale represent the price sellers hope to obtain. Those listings that have expired were generally overpriced or poorly marketed. Your Sutton Group Premier Realty Real Estate Professional will prepare a comparative market analysis for your home based on the most current market information. Together you and your Real Estate Professional will establish the proper list price for your home. Understanding the Factors that Influence Overpricing
The Result of OverpricingMany sellers believe that if they price their home high initially, they can lower it later.Often, when a home is priced too high, it experiences little activity. Gradually the price will come down to market value, but by that time it's been for sale too long and some buyers will be wary and reject the property. On occasion, the price is dropped below market value because the seller runs out of time. The property sells for less than it's worth. Return to Sellers Guide
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