Setting the Price to Sell Your Home

Posted on: May 24th, 2011 by admin No Comments

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. The CMA will reflect the following:

  • houses in your price range and area 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 find out 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. And understand and set your price to reflect the current market situation.

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Testimonials

Richard T. Mayer


Your involvement in all steps of the purchase, initial offer, home inspection, closing, and post-purchase arrangements for utilities really made it easy for us. I can tell you that after having moved three times to three different states in five years that you were the best, most knowledgeable, and congenial real estate agent that my […]

Meet Bob Allen

Bob Allen is a licensed REALTORĀ® in Athens, Georgia, helping home buyers and sellers in Clarke County and the surrounding areas. Whether you’re looking to buy or sell your home, Bob offers courteous, personalized assistanceā€¦

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