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This will be the most important decision you make when you decide to sell your home. A professional market evaluation from your Realtor® will provide you with an honest assessment of your home’s strengths and weaknesses, which will allow you to confidently price your home. |
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In real estate terms, market value is the price at which your home should sell within 30 to 90 days. Of course no one wants to underprice their home…but the real risk is in overpricing. A listing price that is too high: |
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limits prospective buyers that may be intimidated by the price. Many won’t even see your listing in their search because it will seem to be out
of their range. |
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limits showings on your property because Realtors® will also know that it is overpriced. |
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will lengthen the time that your property is on the market. Wrong or right, the longer a property is on the market without selling, the more
likely it is to be viewed as defective.
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may result in a lost sale if a prospective buyer requires an appraisal in
order to get financing. A professional appraisal will be what guides the
mortgage company to approve or decline the financing request.
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may ultimately result in one or more price reductions, and likely a
final selling price that is below market value. |
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may be used by other Realtors® as leverage to sell similar homes that
are properly priced. |
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As you can see, the right listing price can save you time and money. And your Realtor® is the right person to ask for help!
If you are interested in a Complimentary Market Evaluation of your home with no obligation, please click here.
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