The price of a home is what an informed buyer will pay in the current market.
The Best chance for selling your property is within the first 8 to 16 weeks. Studies show that the longer a property stays on the market, the less the seller will net.
It is very important to price your property at a competitive market value at the signing of your listing contract. The market is so competitive that even over-pricing by a few thousand dollars could mean that your house will not sell. Interestingly, your first offer is usually your best offer. Here are reasons for pricing your property at the market value right from the very start in order to net you the most money in the shortest amount of time.
An Overpriced Home:
• Minimizes offers
• Lowers agents response
• Limits qualified buyers
• Decreases showings
• Decreases prospects
• Limits financing
• Wastes advertising dollars
• Nets less for the seller
A true pricing strategy will net you top dollar and still get your home sold.
Home values can vary significantly from one community to another, in different parts of a state or country. A home that has a market value of $150,000 in Salt Lake City, Utah may only have a market value of $135,000 Pocatello, Idaho, but could have a much higher value of $350,000 in Monterey, California.
Would you like to know the value of homes in our community? I can give you a detailed analysis of home values in our community or in specific areas, or I can certainly direct you to websites that will help you in your search for that information. This will most definitely help you prepare for your relocation.