Friday, February 11, 2022 / by Capprice Kitchen
Seller Tip: How Do I Decide on A List Price?
Before your property goes on the market, your real estate agent (OF COURSE THAT’S ME) is responsible for determining a price to list your property.
I will compile a comparative market analysis (CMA) which is a review of like properties in the market area for sale, under contract and recently sold. This information is vital in determining a price point because it provides you a general idea of what Buyers will pay for your property - a competitive market price. As a Seller, you don’t want to price the property too high or too low. Too low and you will more than likely lose money (however, there are some positive sale tactics to doing this, but I’ll save that for another post), too high and you will price yourself right out of the market. Remember, competitive market price!
Also, some real estate agents will seek options form their peers on what a property is worth. They might even take a poll including their own determination to provide you with the best “competitive market price” to get your home sold!
If I may assist you with listing your property, please connect with me and let’s chat. I’m happy to provide you with a free, no obligation CMA for your property anytime.