The price is the first thing buyers notice about your property. If you set your price too high, then the chance of alienating buyers is higher. You want your house to be taken seriously, and the asking price reflects how serious you are about selling your home.
Several factors will contribute to your final decision. First, you should compare your house to others that are in the market. If you use an agent, he/she will provide you with a CMA (Comparative Market Analysis). The CMA will reflect the following:
houses in your price range and area that were sold within the last half-year
asking and selling prices of houses
current inventory of houses on the market
features of each house on the market
From the CMA, you will learn the difference between the asking price and selling price for all homes sold, the condition of the market, and other houses comparable to yours.
Also, try to find out what types of houses are selling and see if it applies to your area. Buyers follow trends, and these trends can help you set your price.
Always be realistic. Understand and set your price to reflect the current market situation.
Shane and Dianne Sweeney Sweeney & Associates
1320 Stone Bridge Drive Suite C
Ada, OK 74820
OFFICE (580) 421-9911
FAX (580) 421-9111
"Angela, we want to thank you for all the time, energy and your successful efforts to get our Kirby house sold. We have lots of nice memories of our years there and are now focusing on new memories and our life here. We're sure we'll contact you in the feature when and if we get ready to sell our house here. Also, thank you for the SanteFe gift card, We just, this week, finished spending the remaining balance for our 47th-anniversary dinner!"Vickie & Terry Ragsdale