Pricing Your Property

[Ed Abdou]

The single most important decision you will make with your Real Estate Professional is determining the right asking price for your property.

Once you’ve achieved a realistic sales price, you can count on your property being professionally marketed and promoted to bring more buyers to your door. You can also expect to sell your home for the best possible price in the least amount of time.

The Benefits of Pricing Right

1. Your property sells faster because it is exposed to more qualified buyers.
2. Your home doesn’t lose its “marketability.”
3. The closer to market value, the higher the offers.
4. A well-priced property can generate competing offers.
5. Real Estate Professionals will be enthusiastic about presenting your property to buyers.

 

[diyhelp]

Realtors need to be fluid and react to the market - if the market is turning down then maybe trim the price to ensure a sale. If the market is picking up then maybe hold off a little before accepting offers, in the hope that other offers come in.

 

[FWL]

All I would say is that when selling a property you need to be realistic - sticking to your guns for the last couple of grand might see you lose out big style if the market turns.

 

[diyhelp]

I would guess there are very few, if any, investors who have not hung on for that last few dollars and paid the price. When selling any asset, whether property, stocks or shares, you need to be flexible and instantly way up the pros and cons.