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The Right Selling or Rental Price Affects Your Bottom Line

When you’re selling or renting your home, the price you set is a critical factor in the return you’ll receive. That’s why you need a professional evaluation from an experienced realtor. This person can provide you with an honest assessment of your home, based on several factors including:

• Market conditions
• Condition of your home
• Repairs or improvements
• Time frame

In real estate terms, market value is the price at which a particular house, in its current condition, will sell or rent within 30 to 90 days.

If the price of your home is too high, several things could happen:

• Limits opportunities. Potential buyers and/or renters may not view your home, because it would be out of their  range.
• Limits showings. Other salespeople may be less reluctant to view your home.
• Used as leverage. Other realtors may use this home to negotiate against homes that are better priced.
• Extended stay on the market. When a home is on the market too long, it may be perceived as defective. Buyers and/or renters may wonder, “what’s wrong,” or “why hasn’t this sold or rented?”
• Lower price. An overpriced home, still on the market beyond the average selling time, could lead a lower selling or rental price. To sell or rent it, you will have to reduce the price, sometimes, several times. In the end, you’ll probably get less than if it had been properly priced at the start.
• Wasted time and energy. 

Realtors have known it for years – Well-kept homes, properly priced in the beginning always get you the fast sale or rental for the best price! And that’s why you need a professional to assist you in the selling or renting of your home.