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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Mark is awesome....from the moment we met him he showed interest, knowledge, expertise, and care for selling our home. He always answered his cell phone and responded immediately to my every whim. I was not an easy client as I had a not-so-great experience with another real estate broker. But Mark always made me feel important and came through on his every promise. And he sold our house within DAYS of listing it. I would highly recommend Mark to anyone wishing to buy or sell property. He is the absolute best. AND he has a nice sense of humor to top it off!zuser20140514114037531
Mark was honest!! Mark was referred to me after a bad experience with another realtor. From the first day, I saw that he was there to help me find a home that was right for me and not how much commission he could make from the sale. He was knowledgeable and available. He made me feel like I was his only client. Because of his negotiation skills and his responsiveness, I got my BEAUTIFUL house that many buyers were competing for. I give him 6 star.
PS.. He got a good sense of humor!Ms.veronie