Pricing Your PropertyPricing Your Property

A house properly priced is half sold. But there are plenty of ways to price it improperly.

You can't go by what you paid for the place. Perhaps you bought two years ago when local prices were skyrocketing, and things have cooled off since. Perhaps houses like yours can now be bought for less, and if you hold out for what you paid, you'll just waste your time.

On the other hand, perhaps prices in your area have taken off, and you'd short-change yourself if you just tried to "get my money out" (but you'd have a fast sale).

You can't go by how much you've spent on improvements. A given street will support only a given price range. If you've invested so much that yours would be the most expensive house on the street, the buying public is not likely to reimburse you.

You can't go by your tax assessment figure. Even in communities that aim at full-value assessments, the figures are almost never in line with what buyers are currently ready to pay.

So how do you price your house?

By putting yourself in a buyer's shoes.

What else is for sale in the area? How does it compare with your house? How long has it been on the market? What has sold recently, and how much did the buying public value it at? What has failed to sell in the past year?

Any good broker can furnish the data you need, often in the form of a chart known as a CMA, Comparative Market Analysis.

And once you have it, again think like a buyer. What price would it take for you to look at a list and say to an agent "Take me to see that one"?

by Scott Boulch
References and Bibliography

For More Information on Selling your home quickly visit http://www.webuyhouseshome.com Unlike other so called We Buy Houses websites, Rescue Real Estate gives you every available option for selling your home. Simply complete our short 1 page form, and get anonymous online access to our team of specially trained REALTORS?. Then, in as little as 48 hours, you will begin to receive offers to purchase your home from our nationwide network of real estate investors. Click Here to sell your home quickly and compare agents.

Rated:NR/0 Votes
1 Views
Add To My Article Reading List
Add To My Article Reading List
Print Article
Print
More Article By Scott Boulch
More Article by Scott Boulch
Share
More Articles From Real Estate
More Articles From Real Estate
Related Articles and Readings
Public Speaking The Art of Speech Making By: Robin Chandler
How do you speak naturally while all those people are watching you?This document covers hints and tips on public speaking and presentation skill, dealing with public speaking nerves and anxiety, public speaking skills and public speaking techniques, public speaking training.Common Fears of Public SpeakingWhat happens when you have to speak ...
The Power of Applied Public Relations By: Robert A Kelly
Especially powerful when business, non-profit, public entity and association managers plan for and create the kind of external stakeholder behavior change that leads directly to achieving their managerial objectives. All the more so when they persuade those key outside folks to their way of thinking, ...
Everything Youve Ever Learned about Public Speaking Is Wrong By: Doug Staneart
Many myths about public speaking have been passed along from person to person over the years, and the one thing that is consistent about these myths is that the people who pass them along are still nervous about speaking. After facilitating over 200 public speaking classes and never having ...
Definition of Public Relations By: Adam Yax
What is Public Relations The difference between Public Relations PR and Advertising is simple, you pay for Advertising. The definition of Public Relations is 'Public Relations practice is the planned and sustained effort to establish and maintain goodwill and mutual understanding between an organization and its publics.Public relations ...
Solving the Public Relations Puzzle By: Jennifer Mccarron
You often hear people refer to public relations or PR as something positive or negative that a company received in response to an action. ?Wow, they got good PR out of that!? But, what exactly does that mean?The confusion about what public relations is or what it encompasses ...
The information provided in this article and/or the comments is the sole responsibility of their respective authors and does not necessarily reflect the opinion of ezinepost.com. ezinepost.com  does not endorse any article and/or comments published by our web users unless otherwise noted. 

Member Panel

login to submit articles and more

StatisticsEZINEPOST.COM

  • » Active Categories: 419
  • » Active Articles:252603
  • » Active Authors:31917
  • » Active Members: 38237
  • » Statistics Updated:
    - Tue Sep 1st, 2020 09:28AM EST