Determine The Listing Price
When it comes to buying a home, most probable buyers will use the
listing price as the number one factor to ascertain the homes that
they look at. Even though you and a realtor may determine the asking
price, the buyer will determine the selling price. If the price is too
high, most buyers won稚 give it a second thought - which is why you
want to determine the listing price carefully.
If you set the truthful price, you値l notice a much faster sale.
Setting the right listing price will also attract more potential
buyers to your property as well. You値l also notice an increase in
response from realtors, and receive more calls about the property. The
listing price is very important - and it can ultimately determine
whether or not you sale your property.
A home can be too highly priced due to a number of reasons.
Overpricing is something you want to avoid, as buyers tend to steer
clear of homes that have been overpriced. Normally, this happens when
a buyer asks a lot more than the home is worth or valued at. Some
buyers ask a lot more than the value of the home due to location.
Although the location is very important, most potential buyers won稚
give the home a second look if they think the price is too high - and
more importantly out of their price range.
When you put your home up for sale, a large amount of the activity
will happen within the opening couple of weeks. If you put the right
price on your home, you値l notice immediate interest. There are always
buyers looking for homes in their price range, waiting for new homes
to be listed or homes to be reduced in price. Buyers who are waiting
to purchase may miss seeing your home completely if the price is too
high.
To verify the listing price of your home, you should definitely have
it appraised before you put it on the market. This way, you値l know
the full value of your home. You can sell it for market value or go a
little under, although you should never attempt to go way over the
value. In doing so, you値l miss out on a lot of potential buyers. The
home market is very competitive these days, which is why you want your
home to draw as much interest as possible.
Bear in mind that realtors in fact have no control at all over the
real estate market, only the plan behind marketing. Realtors don稚
determine the asking price - the seller does. You can ask a realtor
for advice, although you are the decider of your listing price. If you
do things right and take each thing step by step, you値l set the
listing price in the right area and have no problems selling your
property.
ABOUT THE AUTHOR
Bob Schwartz, is a Certified Residential
Specialist, CA licensed real estate broker with
www.Brokerforyou.com. Bob
has over 27 years of residential real estate experience, authored a
number of published articles and served as an expert witness for
San Diego lawyers. You can contact
Bob via e-mail at bob@brokerforyou.com or visit his highly popular
San Diego real estate website at:
http://www.brokerforyou.com
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