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How To Price Your House Correctly.
What You Need To Know...
What Is Your Home Worth Today
Why effective pricing is the key
to a successful property sale.
If you price your house or property too low you’ll get thousands of dollars less
than you would have if you had done your homework to find out what your
house or property is really worth.
If you price it too high, then your house/property might sit on the market for
months on end waiting for a buyer that may never arrive. If this happens you’ll
no doubt get discouraged as you continue to pay your mortgage interest,
taxes, property insurances etc. When you do finally reduce the price, you
may have to sell the property for less than you would have, if you had set the
right price in the first place. Most property buyers will want to know how long a
house/property has been on the market. They may think something is wrong
with it, or that you are desperate to sell - which you might be.
What you “want” or might “need” in monetary terms from the sale is
irrelevant. A home buyer will not be interested in your personal
circumstances. Your house is only worth what someone is prepared to pay for
it, which in most cases will be the current market value.
The right price is usually based on a comparison with what similar properties
have sold for recently in that area. Depending on where you live, the
recorded prices are generally published and not confidential. Again,
depending on which state or country you are in; you could ask a Certified
Real Estate Appraiser, staff at the local courthouse, the real estate institute,
or even a local real estate agent may be able to provide the true recorded
prices. Get that information.
Click here to learn the step-by-step way to tackle real estate investing
quickly, safely, creatively and with minimal risk. Find out how to create WIN-
WIN real estate deals to make both buyer and vendor happy. How to
structure real estate deals so you make more on each deal and eliminate
your risk!