The Right Selling Price Affects Your Bottom Line

When selling your home, the listing price is a critical factor in the return you’ll receive. That’s why you need a professional evaluation from an experienced Realtor®. Your Realtor® can provide you with an honest assessment of your home, based on several factors, including: Market conditions, Condition of your home, Repairs or improvements, and Selling time frame.

In real estate terms, market value is the price at which a particular house should sell for within 30 to 90 days in it's current condition. If the price of your home is too high, this could cause several things: Limits buyers. Buyers may not view your home if it appears to be out of their price range. Limits showings. Other salespeople may be more reluctant to view your home. Used as leverage. Realtors® may use your home to sell others that are better-priced. Extended stay on the market. Buyers may wonder what’s wrong, or why it hasn’t sold. Lower price. An overpriced home, still on the market beyond the average selling time, could lead to a lower selling price. To sell it, you will have to reduce the price – sometimes several times. In the end, you may get less than if it had been properly priced in the first place.
Wasted time, energy and continuing mortgage payments.