The price is the first thing buyers notice about your property. If you set your price too high, then the chance of alienating buyers is higher. You want your house to be taken seriously, and the asking price reflects how serious you are about selling your home.
Several factors will contribute to your final decision. First, you should compare your house to others that are in the market. If you use an agent, he/she will provide you with a CMA (Comparative Market Analysis). The CMA will reflect the following:
· houses in your price range and area that were sold within the last half-year
· asking and selling prices of houses
· current inventory of houses on the market
· features of each house on the market
From the CMA, you will learn the difference between the asking price and selling price for all homes sold, the condition of the market, and other houses comparable to yours.
Also, try to find out what types of houses are selling and see if it applies to your area. Buyers follow trends, and these trends can help you set your price.
Always be realistic. Understand and set your price to reflect the current market situation.
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The data relating to real estate on this web site comes in part from the Internet Data Exchange ("IDX") Program of NYSAML's. Real estate listings held by brokerage firms other than Howard Hanna Holt are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither the listing broker(s) nor Howard Hanna Holt shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless CNYIS, UNYREIS, WNYREIS.
Information last updated on 2024-03-28 06:30:16.