Setting The Right Price For Your House

Is it possible to set prices too low for my house?

Your real house prices

The current house on the market, many buyers may be tempted, especially if they need a quick sale, to make their house stand out by placing a very low price for it. But the old rule: Homes sell at a price that buyers are willing to pay and sellers are willing to accept, still applies.

Before you decide on the expected price, it is important to find out what competitors are doing and price your home accordingly. Generally, if the house is set at too low prices, way below the competition, the seller should receive enough offers that will increase the price of the actual market value. Thus, there is little danger in house prices too low. The real danger lies in the price is too high for the market.

If you price your home too high, it can be a long time before selling it and you'll end up paying more mortgage payments than you expected, and that all the problems of trying to keep the house in top condition viewing.

Similar research and Print Sales

If you want to sell your house, you need to price properly and the more research you are willing to do better. Look at each house that is similar or is mentioned in the same area as his home for the past six weeks to 2 months. The list should include the house in 1 / 4 mile to 1 / 2 mile further, unless the property is rural or any nearby homes for sale.

Allow for the fact that the perception and desirability have value. Be honest with yourself about the factors that increase or decrease the value, such as the content (or lack of them), the situation in the vicinity of the house and area you live in. In this way, not only will you set a realistic price, you will be prepared for tough questions from potential buyers.

Compare the similar sizes and similar property age, within 10% up or down from your property. Get as much information as possible on the sale of houses in their area, especially in homes that were withdrawn from the market. Go around all the estate agents and ask many questions as you need.

Compare the original listing price of similar houses to the final sales price to determine price reductions or increases. Adjust the price of their home, compared to similar nearby homes that have sold, to allow for extra bedrooms, larger / smaller gardens, etc.

Try to find the lowest price that the owners of houses similar to yours will accept. Visit similar homes that are for sale and see how your home and provides the price, compares.
These stores are in competition with your customer. Ask yourself why the buyer would prefer your home over any of these and adjust their prices accordingly.