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You're Selling Your Home, but how should you price it?

Pricing your property appropriately for the current market in your specific area is absolutely essential for a speedy sale. The biggest reason homes don’t sell is simply that they are overpriced. Be wary of setting your asking prices above what your Comparative Market Analysis (CMA) suggests, and take your real estate agent's advice to heart if you are using one. Buyers have agents looking out for their best interests, and are well aware of competitive listings in your area. Even without their agent’s direction, they have a great deal of experience in assessing home value, and the benefit of shopping around for comparison.

Avoid the pitfalls of asking too much at the start of the for-sale process. Unsold properties listed for lengthy periods of time are less exciting and appealing to potential buyers, and may attract lower offers as their asking price is perceived to be too high, or the seller desperate. Lastly, remember that your asking price must be in line with the appraisal your buyer’s mortgage lender will require.

Decide on an asking price that you believe truly reflects your stance as a motivated seller! To make your realistic asking price further work to your advantage, be prepared to be somewhat flexible from the moment your property is listed. Consider all offers made, and make a counteroffer on each one. It is not only possible but likely the negotiation process will result in a satisfactory resolution for both parties. You are far more likely to succeed in selling your property quickly and profitably by working with potential buyers instead of against them. click here to be referred to a real estate in your area


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