Local market conditions will dictate how much we will sell your property for and how quickly it will sell.
- Buyer’s market – More homes on the market than buyers. Lots of competition from other sellers. Prices drop. Properties take longer to sell.
- Seller’s market – Lots of buyers. Not that many properties for sale. Prices increase. Properties sell quickly (just the market you want).
- Balanced market – Sellers accept reasonable offers. Homes sell within an acceptable time period. Prices are generally stable.
- The market ultimately determines the true value of your property
The single most important decision I will help you make as your Real Estate Professional is determining the right asking price for your property. The market ultimately determines the true value of your property. A comparative market analysis is an indicator of what today’s buyers are willing to pay for a home. Together we must establish a competitive list price by considering some of the following points:
- Location
- Size
- Condition
- Size Style
- Community Amenities
- Buyers Supply
These are some of the elements that we will discuss during our in home meeting. We will review closing costs and expectations from potential buyers.
