subject: How To Price Your House To Sell? [print this page] The price is the more important factor to consider when you decide to sell your home. It is what buyers will look at and will largely determine your success rate. If you price the home too high it will sit on the market for quite awhile and may never sell without a reduction being implemented. Some sellers have concerns about selling too low because they dont want to get cheated out of money but experts advise that if your home isnt priced high you shouldnt be too concerned. This is because if it is a good deal many buyers will place offers on the home and you will probably get more than you were asking for in the first place anyways.
Before you decide on a price you should compare apples to apples and see how much similar homes are selling for. The range you should be looking at is no larger than mile away from your home, unless you are located in a rural area where homes are spaced apart quite a bit. Some neighborhood factors can vary the cost in your home. One example of this is being placed on one side of a roadway or another. Homes on one side of the division may be priced considerably more expensive or less than on the other side. Square footage is yet another factor that should be examined when selling your home.
Homes that are currently for sale shouldnt be the only thing that impact how much you are going to sell your home for. You should also look at successfully completed sales to analyze factors that allowed these to be done and for how much. Some things that you should look at are how long the home was actually listed on the market and if it needed price reductions in order to get sold. If it did need them, determine how many were needed and by how much. Also look at homes that didnt sell and gather the reasoning for this. If you learn from others mistakes you will be much more likely to have success in your home sale.
An offer on a home is an indication of how much a buyer is willing to pay but after this offer is put into place an appraisal is going to be conducted by an expert to determine how much the home is actually worth based on a number of factors. One of these is square footage. Typically comparison is needed by about 25% so they will use homes that are close in size to yours for comparison purposes.
Once this data has been compiled into one location it is time to analyze it. You need to compete with other sellers who have their homes listed as well. Buyers need to get the message from your listing that it is comparable to other homes and even better. A small factor may break or make a sale. The type of market you are selling in should also be determined to accurately set your home at competitive prices.
