The price is the first thing buyers notice about your property. If you set your price too high, then the chance of alienating buyers is higher. You want your house to be taken seriously, and the asking price reflects how serious you are about selling your home.
Several factors will contribute to your final decision. First, you should compare your house to others that are in the market. If you use an agent, he/she will provide you with a CMA (Comparative Market Analysis). The CMA will reflect the following:
houses in your price range and area that were sold within the last half-year
asking and selling prices of houses
current inventory of houses on the market
features of each house on the market
From the CMA, you will learn the difference between the asking price and selling price for all homes sold, the condition of the market, and other houses comparable to yours.
Also, try to find out what types of houses are selling and see if it applies to your area. Buyers follow trends, and these trends can help you set your price.
Always be realistic. Understand and set your price to reflect the current market situation.
I am writing this letter of recommendation,because I called Havasu Realty about a home I had driven by in Lake Havasu City and wanted to see the inside. Suzan James just happened to be on the phone desk that day. She said she could show me the home that afternoon. That was my introduction to Suzan, who showed me a dozen or more homes over the next few weeks.
I explained that I was looking for a fixer-upper because I could probably get more house for my money. She walked me through some homes I'm sure she would rather not have gone through, but with a sense of humor made me feel comfortable looking for my dirty fixer-upper.
I have to say that by the time I found my home I felt very secure talking to Suzan about older homes. She explained how she worked with her husband, who is a contractor, so she could point out things to watch out for in buying an older home.
Finding Suzan on the other end of the phone that day was a blessing, she's a real trooper, a ray of sunshine.
I feel as if I've found a new friend here in Havasu. Thank you Suzan.