3 Jul 2012

Price Your Home Acurately For Sale

Pricing is one of the most important factors when you decide to sell your home. You can not set too much high price because within few days buyers will lose interest. Pricing too low may also harm you by having multiple options. So here are few options that should be kept in mind while pricing a home for sale. 

  • Look all similar homes in your neighborhoods or near by areas. Look prices of all those homes that have been sold a few months ago. This will give you a comparison price.

  • Compare homes of similar ages. Suppose one neighbor had built house in 1980 and you built home in 1995, then this comparison will be foolish because market values of property are volatile and for same home the price will be different in 1980 and 1995.  

  • You have to assess the area of your home. Prices of homes in different areas are different. In some commercial areas, there are high prices of homes as compared to non commercial areas.

  • There are many property management companies who provide different services. You can consult with them. You can take advice from professional because these property agents have much knowledge about market conditions, demand, and supply etc.

  • One more important thing is that you should be aware of market trends and pricing. Suppose if property prices are increasing average 1% per month and you want to sell your home after 2 months then set price with 2% increment.

  • Try to find out the list of pending or expired sales. In this way you will find out the factors due to which these homes have expired, or pending yet. You can avoid these factors for your home while setting price for sale.

So by considering these options you can set your home price more accurately.

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