Special offer

Your Asking Price might be Selling the House Down the Street

By
Real Estate Agent with Key Realty, LTD

Preparing to sell your home takes some planning and expert advice, especially when it comes to setting the price.

You'll find everyone becomes an expert and wants to offer their opinion on the price...neighbors, family, co-workers, etc.  And...while all of these individuals have good intentions and only want to help, it is crucial that you take into account all factors involved:  market conditions, similar style homes that have sold in your area, your homes currently on the market, is it a buyer's market or seller's market, condition of your home, how fast homes are selling, terms and incentives, etc.

Avoid testing the market!  Set a realistic price based on the facts involved.  Pricing too high will only help sell competing homes in the area and you'll lose your initial rush of good qualified potential buyers.  The longer a home stays on the market, the lower the offers and less negotiating power there will be for you. 

How much you paid for the home and how much you want to profit, are important to you, these factors do not affect the market value of your home and what Buyer's are willing to pay. 

 

For a personal pricing consultation, give us a call at 614-755-9566.  You can also visit us on-line at www.sellyourhomecolumbus.com for helpful information.

Related Articles:

* The Right Selling Price Affects Your Bottom Line

* Common Selling Mistakes

 

Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR,CNE,CRS,ePro,PSA,RENE,SRS

I love to read a great post like this one. Thanks for making it RAIN!!!

Nov 04, 2009 11:29 PM
Delete Acct Desert Communities
Palm Desert, CA

Your title says it all and this is a must read for all sellers who want to "test the market"!

Nov 04, 2009 11:32 PM
Larry Story ALC
Total Care Realty - Greensboro, NC
Beneath it all is the Land, Covering all of NC

Very good post.  So many agents out there buy a listing and just list their home way to high.  So they help us sell our listings that are realistically priced. 

Nov 04, 2009 11:34 PM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Excellent.  Short and sweet.

Nov 04, 2009 11:36 PM
Charles Stallions Real Estate Services
Charles Stallions Real Estate Services Inc - Gulf Breeze, FL
Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.

So true if only people would listen, I wonder why is that. I can explain pricing and they list with the higher agent and then I see it sell for close to what I suggested.

Nov 06, 2009 02:46 AM