Determine the Competitive Price of Your Colonial Town Home for Sale?

By
Real Estate Agent with Homevest Realty SL3085025
 
When you are in the process of selling your home, the most challenging part is determining the competitive price of your Colonial Town Orlando home for sale. You may think of starting with the purchased price, put in a mark-up and then post it on the MLS. But think again, that approach is not a guarantee of pricing your Colonial Town Orlando home for sale competitively.

Top six ways for you to determine how much your Colonial Town Orlando home for sale is worth

Here are top six ways to make it easier for you to determine how much your Colonial Town Orlando Home is really worth:
  1. Forget your own point of view and be objective. Put yourself in the buyer’s shoes.
  2. Get at least 3 comparable properties to look at. The “Comparative Market Analysis” (CMA) is your best tool to determine the price of your Colonial Town Orlando home for sale and to ensure that your price is competitive and not overpriced. It shows the price of recently sold comparable homes in the similar market. We can provide you with a no cost, no obligation CMA.
  3. Do your homework. Study the market. Attend open-houses in the neighborhood and make an objective assessment of how other homes compared to your Colonial Town Orlando home for sale in terms of location, size, amenities and condition.
  4. The average price per square foot of comparable homes can be a good starting point in pricing your Colonial Town Orlando home for sale.
  5. Consider the condition of your market. If the economy is hot and if the home prices in Colonial Town Orlando are trending upward, it is likely that a mark-up for your home’s price is quite reasonable.
  6. Determine if you meet the buyer’s needs. You have to go back to rule number one. Put yourself in the buyer’s shoes. Do you have a good floor plan that is the kind that buyers are currently looking for? If your home can offer more advantages to the buyers, it is likely that you can ask for a premium price. Otherwise, you may have to reduce your Colonial Town Orlando Home for Sale price but still make sure that it is priced accordingly to comparable sold homes in the neighborhood.
If you priced your Colonial Town Orlando home for sale too low, you miss out on potential profit. If you have overpriced it, qualified buyers will look elsewhere. So determining the competitive price of your Colonial Town Orlando house for sale is the key part in the home selling process.
 

 

 

For a smooth, fun and easy home buying or selling experience – Call “THE BEST AGENT IN ORLANDO, FLORIDA” Mike Shulman, lead agent for the Orlando Home Team today at 407-758-9585. You can expect excellent service, unparalleled negotiation skills, and exceptional knowledge of the Orlando Real Estate Business from Mike Shulman.

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