Contact Corey Robinson to discuss determining a value for your home without the danger of overpricing.
Here are some reasons you want to contact Corey to begin the process of selling your house as you determine the asking price. For obvious reasons it is important that not over-price your home and unwittingly extend the period of time it takes to sell. Corey will work with you to make sure you set the price right the first time.
Location: Location is the single most important factor in determining the value of your home.
Competition: Prospective buyers compare your property against competing property. Buyers will perceive value based upon properties that have sold or are available in the area.
Timing: Property values are affected by the current real estate market. As the real estate market cannot be manipulated, a flexible marketing plan should be developed which analyzes the current marketing conditions and individual features of the property.
Condition: The condition of your property affects the price and speed of the sale. As prospective buyers often make purchases based on emotion, first impressions are important. Optimizing the physical appearance of your home will maximize the buyer's perception of value.
Price: Pricing your home properly from the beginning is an important factor in determining the length of time it will take to sell your home. Reviewing this home marketing plan will assist you in determining the best possible asking price.
Dangers of Overpricing: Every Seller wants to receive as much money as possible from the sale of their home. However, overpricing can have negative affects that you should be aware of. Here are a few things to keep in mind when considering your property's purchase price.
- Many potential buyers won't even look at your property, thinking it's out of their price range.
- Those buyers who do look are shopping by comparison, and looking at your home may convince them to make a bid on a different property.
- Since an appraisal is often required in financing a property, it's futile to price a property for more than it's worth.
- Properties left on the market for extended periods of time usually become "shopworn", causing many to believe something's amiss.
- Overpricing tends to dampen the other salespersons' attitude, making it less likely to be shown.
- Overpricing lengthens marketing time, and invariably results in a lower selling price than would have been otherwise obtained.
To find out more about how to price your home for sale in King County or Seattle contact Corey now!
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