Step 2
Name your price. Your next objective should be to
determine the best possible selling price for your house. Setting a fair
asking price from the outset will generate the most activity from other
real estate agents and buyers. You will need to take into account the
condition of your home, what comparable homes in your neighborhood are
selling for, and state of the overall market in your area. It's often
difficult to remain unbiased when putting a price on your home, so your
real estate agent's expertise is invaluable at this step. Your agent will
know what comparable homes are selling for in your neighborhood and the
average time those homes are sitting on the market. If you want a truly objective
opinion about the price of your home, you could have an appraisal done.
This typically costs a few hundred dollars. Remember: You're always better
off setting a fair market value price than setting your price too high.
Studies show that homes priced higher than 3 percent of their market value
take longer to sell. If your home sits on the market for too long,
potential buyers may think there is something wrong with the property.
Often, when this happens, the seller has to drop the price below market value
to compete with newer, reasonably priced listings.
If you have any questions or would like to find out what your homes value is please call, text or e-mail
Kitty Berry
801-550-4640
YourSLChomes@gmail.com
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