Pricing your home is one of the most important
decisions you must make when selling your property. Some sellers want to price
their home based on the return they would like on their initial investment,
while others will base the price on what they need to buy their new home.
Location, condition, and accessibility are three other variables that will
affect the price of a property.
It is crucial to price your home correctly from the beginning because it
will not sell if it is overpriced. Don't make the mistake of thinking that you
can reduce the price later because you will have already lost many potential
buyers. The motivation of the seller is another very important factor. The
higher the seller's motivation, the lower the price, and low motivation will
mean a higher price.
The state of your local real estate market is one of the strongest
determining factors when pricing your home. A professional Realtor will be able
to guide you through the pricing pitfalls with a written market analysis that
includes the selling prices for similar homes in your area.