In this current real estate market it’s very important you get a professional real estate evaluation from an experienced Realtor. Your Realtor is the only one who can provide you with an honest assessment of your home’s value.
As a professional real estate agent focusing on the luxury real estate market, I base the selling price on many real estate market factors, including:
- Real Estate Market Conditions
- The Actual Condition of your Home
- Repairs or Improvements your Home Needs
- The Timeframe for Selling your Home
The sales price you set is a critical factor in selling your home. If your home is priced correctly, you should be able to sell in your alloted timeframe. If it’s not, you might sit on the home for awhile.
When I evaluate the sales price for any home, the goal is to get the home priced at market value. Market value is the price at which a particular house, in its current condition, should sell within 30 to 90 days.
If your home is priced too high this will limit potential buyers. My goal is to show your house to as many potential buyers as possible. Another downside to an incorrectly priced home is time on the market. When a home is on the market too long, it may get the wrong perception. Buyers may wonder, “what’s wrong,” or “why hasn’t this sold?”
If your home stays on the market longer than the average selling time, you might ultimately get a lower selling price. To sell it, you might have to reduce the asking price several times. Ultimately, you will probably get less than if you had priced the home correctly from the start.