Determining a Listing Price for Your Property
Coffee Real Estate recommends before the “For Sale” sign goes up, there are some things you should consider and some steps you can take to position your home to attract qualified, prospective buyers. Here are a few tips to help you get started:
For many people, setting the home price is the hardest part about selling, yet it is the single most important factor to consider. Don’t overprice because after the first 21 days on the market, your home’s “freshness appeal” will have diminished. And just because a home is priced below comparable market value doesn’t mean it will be sold quickly.
Pricing really is all about supply and demand. It’s also an art form and your agent knows the local canvas.
Coffee Real Estate can perform a market analysis for you, which takes into consideration the comparable (comps) prices of current homes on the market (your competitors) along with recently sold homes in the past six to eight months with similar square footage. Potential buyers will also be considering these comparable figures when they look at your home or formulate an offer, so give the information careful consideration.
Our real estate professional will also pull comparable homes sold along with a listing history that can help determine the best pricing. With enough comps, you can start to determine the ratios of listing price to actual selling price.
Selling your house for the maximum price is generally the most important aspect to the home owner. Coffee Real Estate will work with you to navigate today’s real estate market to achieve the very best price.
Often the next important aspect of selling the house is speed. How fast it sells is frequently just as important as price. Getting the mix of speed and price is the art of marketing your house.
Read more at: Putting your House for Sale