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Choosing the Price
It’s normal for you to want the maximum price for your home. However, over pricing will only mean that your home won’t sell. It’s important to set the right price on your house. You should combine an objective evaluation of your property with a realistic assessment of market conditions.
Evaluate the Comparables
The best option for you is to determine a fair value and stick close to it. This is better than asking an unrealistic figure. Under pricing can deprive you of money that’s rightfully yours. Unless you’re highly motivated to sell quickly, aim for full market value. Be careful of either overpricing or under pricing if you relying on questionable information. Know what your competitors are priced at. Study the offering and selling prices of comparable properties. Find out how long it took each house to sell. Compare your home to others similar in year built, style, square footage, condition and location. Timing is everything. If it’s a sellers market, and demand is high, you should be able to increase the price. To find sale prices of homes, ask your agent, or check your local or regional sections of newspapers, this data is usually published.
Get Your Home Appraised
Appraisals are an opinion, and are often subject to dispute. Finding an experienced, licensed professional to prepare your appraisal will give you an honest objective evaluation of your home.
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