There are a lot of factors when selling your home. By partnering with a local real estate agent, you ensure that the price is right.
Don’t just pick any price for your house because in finding the best price, real estate professionals balances current market demand and use their expertise in four factors:
- The value of homes in your area
- The condition of your house
- Where prices are headed
- Current buyer demand
Here are also the things you need to note to ensure you’re not over or underpricing when selling your home in the market:
When you underprice your home, you will most likely to 1) decrease your future buying power, 2) leave money on the table or in other terms, you’ll lose a key point in negotiation, and 3) your buyers will assume something’s wrong.
Another, when you overprice when selling your home, high price tag may deter buyers, your house may likely to sit on the market longer, and lastly, may need a price drop which can raise red flags.
However, the perfect market value is more likely to get an offer at or above list price, a fair price helps boost interest in the home, and is likely to sell quickly.