Pricing Your Property To Sell in Pell City, St Clair and Talladega County

By
Real Estate Agent

Sell Sign, Logan Martin Lake Sales

                              Pricing Your Property To Sell in Pell City, St Clair and Talladega County

It is extremely important to think about a good pricing strategy when placing your Pell City, St Clair and Talladega County home on the market to sell.  Most of the time, sellers want to price their property with room for negotiation, this could lead to pricing themselves out of a sale. Why do I say this? Let me explain.

The two most powerful things to consider in pricing positioning are; what is currently available on the market and if the sellers are motivated.  In today's market, we are up against a lot of short sales and foreclosures. These sellers are highly motivated, and if you are not priced competitively your property will not sell.

Buyers usually test the sellers when placing their first bid to see what the seller is willing to do. A serious buyer knows the market and usually ends up paying close to market price.

As your Realtor® in Pell City, St Clair and Talladega County, the first thing I will do is a comprehensive market analysis of comparable properties that are currently on the market and those that have recently sold.   These properties will be similar to your property in square footage, age, and style.  

By looking at comparable properties that are currently listed, we know exactly what a buyer has to choose from and what the buyer is comparing to your property.

I will arrive at a list price for your home by analyzing the comparable sold properties and comparing them to your home features and location.  By studying recent sold properties that are extremely similar to yours, I can see what the homeowners received for their properties when they sold. This is how I can develop a clear picture of the potential market price of your home.

If you want your home sold, you cannot overprice it. Following are some problems that arise from overpricing your home in Pell City, St Clair and Talladega County.

• No Showings

• Lack of MLS Participation

• Low-ball offers.

• Helps Sell the Competition

• Limited or no response from advertising.

Your Property will not complete with properties in that price range.

Property Gets "Shop Worn"

Property Does Not Sell

                                                                                                                                            Sold, Logan Martin Lake Sales

It is understood that you want the top market value for your home, but there is a point where the price would be too high. The numbers will tell the story, by viewing homes that did not sell; you get an idea of what that price point will be.

The hardest thing a seller has to face is taking the emotion out of the price and pricing by the numbers. This along with other factors will get your home sold for the best possible price in the shortest amount of time.

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Signature,Logan Martin Lake Sales  

If you are looking to purchase a home in Pell City or the Logan Martin Lake area, view all  Real Estate listings here. I service all of St. Clair and Talladega Counties.  You can read more information about the area on my Pell City home blog.  All information is believed to be accurate but is not warranted, it should be independently verified.  You can email me at: Diane@LoganMartinLakeSales.com  or call  my cell at 205-369-4595.

 

Comments (4)

Joni Bailey
101 Main St. Realty - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

amen, Amen and AMEN!

Sep 17, 2010 05:37 PM
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

Nothing to do with this post, but I noticed that Pell City was on the FBI's list for low crime areas. #3 in the Nation! Congratulations on living in a safe town...

Sep 18, 2010 01:24 AM
Erika Rogers
Red Rock Real Estate ~ Southern Utah's Largest Independent Brokerage - Saint George, UT
St George Utah Real Estate & Relocation Specialist

Great post, nicely written and certainly good information.  Now if I could just convince my sellers to heed this council;)

Sep 18, 2010 03:52 AM
Diane Williams
Pell City, AL

Joni, Thank you I am glad I got your blessing.

Michael, Pell City is a wonderful place to live. I did not see the list, I will look it up. Thanks,

Erika, Thank you, so many times sellers do not realize how we come up with the list price when we place a property on the market. I hope this post helps them.   Thanks for stopping by.

Sep 18, 2010 08:32 AM

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