Pricing your home is both an art and a science. Achieving the optimal price is the result both of objective research into comparable properties and a gut feeling about your property and the current market. The right price should attract buyers, allow you to earn the most money possible and help you sell as quickly as possible.
Simply put, price is the number one factor that most home buyers use to determine which homes they want to view. Overpricing is a common mistake that can cost you in the end. Here are some reliable guides to use when pricing your home.
- How quickly you need to sell.
- The amount of competition in your price category and area.
- The availability, flexibility and affordability of financing.
- The sale prices of similar homes sold in your area during the past six months to one year.