Property Selling: Getting the price right

November 23rd, 2012 § 0

The most important part of the real estate selling process is the tag price. If you do not price your property home right, potential buyers will skip your listing. So how do you know that you have priced your property reasonably.

The buyers do not care so much about the memories about your home or how much you acquired it for. What is most important for them is if they can afford your house. The property may mean so much to you but remember you are selling your property and not the home you know.

Going on rate

You need to know what are the other houses in your area selling for before you can even put a tag price on your house. You can ask a professional to evaluate and price your house or you can also check out the other listings on websites. Look at other houses in your area with similar features and see how much they are selling for.

Location

The property’s value depends greatly on its location. If you are near a beach or across an earthquake fault line will dictate much about the pricing of your house.

Market trends

You need to look at what is happening in the real estate market. Is the house you are selling for in a country hit by a financial crisis or is it in a place where properties are being put up every week. You need to know the demand for properties so you know if the buyer will bite the offer.

Incentives

If your property has been on the market for sometime and it has not been sold, then you might want to re-think your pricing. You can try lowering your price and mention it on your listing as a big discount. Buyers love discounts. You can also add furniture to magnet more buyers.

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