Listing your property at an accurate market value is a vital
step in achieving a successful sale
By pricing your home accurately:
- Showings will increase.
- Buyers are motivated and better offers will result.
- More offers will be received; Buyers purchase properties by
comparison and will usually make an offer on a fairly priced property before making a low offer on an overpriced property.
- Your property will sell faster and at a higher price.
If you list your home at a price that is too high:
- Fewer Buyers will tour your property.
- Your property stays on the market longer with less activity.
- The price will need to be reduced repeatedly, causing the property to appear stagnant.
What determines accurate market value?
- Recent property sales in your area.
- Location, location, location.
- The condition of your property.
- Current inventory on the market.
- The strong selling points of your property.
- Predicted trends of the real estate market.
What does not effect accurate market value?
- What you paid for your property.
- The gross amount spent on home improvements and maintenance.
- The amount of money you need to purchase another property.
- The amount of your total debt.