THE POWER OF PRICING THERE ARE TWO THINGS TO CONSIDER WHEN IT COMES TO PRICING – THE PRICE AT WHICH THE PROPERTY WILL BE PROMOTED, AND THE EXPECTED SALES PRICE.
The selling price of a property is determined largely by the interest of the buyer. There is plenty of information available to property buyers, including recent sales data and details of properties currently listed for sale and recently sold. It’s from this information that buyers will establish their opinions on the value of a particular property.
Using detailed knowledge of the market and by understanding the buyer’s motivation, a good agent will ensure that the best price possible is obtained.
Setting the correct pricing strategy is crucial in the current market to achieve the best possible price for your home. Price strategies can be subdivided into three categories.
FIXED PRICE | PRICE RANGE | NO PRICE
A property generates the most interest when it first hits the market. The number of showings is greatest during this time if the property is priced at a realistic market value. Starting too high and dropping the price later misses the excitement and fails to generate strong activity. Many homes that are priced too high end up selling below market value. Your agent will help you decide on an appropriate pricing strategy for your property when they meet with you.
3 FACTORS THAT YOU NEED TO CONSIDER WHEN SELLING A PROPERTY ARE LOCATION, CONDITION AND DESIRABLE AMENITIES.