AT WHAT PRICE SHOULD I SELL MY HOUSE?

In setting the list price for your home you should be aware of a Buyer's frame of mind. Based on a list of houses for sale in your neighborhood.  Which, by the way, can be a printed list from me or online search results that you've found yourself.  Buyers will determine which houses they want to view.  Consider the following pricing factors:

• If you've set the price too high, your house won't be picked for viewing, even though it may be much nicer than others in the area. You may have told your Realtor to 'Bring me an offer'.  or 'I'd take less'.  But in that list of houses, yours simply looks too expensive to be considered -- so off the list in the 1st place.
• If you price too low, you'll short change yourself.  Your house will sell promptly, yes, but before it has time to find the Buyer who would have paid more.

NOTE: Never say 'asking price'.  This implies you don't expect to get it.

To determine the proper list price, contact a REALTOR, and have them provide you with the following professional services:

• Furnishing comparable sales
• Analysing market conditions
• Helping to determine offering incentives
• Estimating your net proceeds

Using Comparable Sales

No matter how attractive and polished your house, Buyers will compare its price with everythign else on the market.  Your best guide is a record of what the buying public has been willing to pay in the past few months for property in your neighborhood like yours.

We can furnish data on sale figures for those 'comps', and analyse them for a suggested listing price. The decision about how much to ask, though, is always yours. The lsit of comparable sales we bring to you, along with data about other houses in your neighborhood presently on the market, is used for a CMA. To help in estimating a possible sale price for your house, the analysis will also included data on nearby houses that failed to sell in the past few months, along with their list prices.

This CMA differs from a formal appraisal because an appraisal will be based on on past sales and is done for a fee while the CMA includes properties currently listed for sale and those pending for sale.

In the normal home sale, a CMA is probably enough to let you set a proper price. A formal written appraisal [typically costing a few hundred dollars] can be useful if you have unique property, if there hasn't been much activity in your area recently, if co-owners disagree about price, and any other cirmcumstance that makes it difficult to put a value on your home.

Note:  If you do order a market appraisal [CMA] make it clear if you don't need an elaborate, or full narrative report --the kind that's complete with photos of the house & neighborhood, a site-map etc.  Contact me today