Value of Your Home

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Setting the proper asking price for your home is the single most important factor that will determine the success or failure of your home sales. 

            The consequences of making the wrong decision are painful.  If your home is priced too low, you will literally be giving away thousands of dollars that could have been in your pocket. 

            Price it too high, and your home will sit unsold for months, developing the reputation of a problem property (everyone will think that there is something wrong with it). 

            Failure to understand market conditions and properly pricing your home can cost you thousands of dollars and cause your home not to sell … fouling up all of your plans.

You can’t afford any “guesswork” in this critical step!

PRICING GUIDELINES

·         What you originally paid for the property does not affect its value. 

·         The amount of money you need to get from the sale of your property does not affect its value. 

·         What you think it should be worth has no effect on value. 

·         What another real estate agent says your property is worth does not affect its value. 

·         An appraisal does not always indicate what your property is worth on the open market. 

The value of your property is determined by what a ready, willing, and able buyer will pay for it on the open market, which will be based upon the value of other recent closed sales.  BUYERS DETERMINE MARKET VALUE!!!

Select a REALTOR® based on criteria about their company, the experience of the broker, and the services provided. Never base your choice on price only. A REALTOR® has no control over the market conditions. It would be smarter to select a REALTOR® first, then agree on price. Don’t allow agents to ‘bump up’ the price to obtain your listing.  True professionals will give you truthful feedback and accurate information so you can price to sell in this market.

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