Good Seller decision-making is critical to a successful home sale. Sellers who decide to price property properly are wise. They reap good results. A timely sale. Better terms. Highest and best price.
What to Avoid When Pricing Your Home
If you want a successful sale, avoid pricing your home based on the following:
- What you paid for the property
- What you need to net
- What you want
- What your neighbor says
Value is Determined by the Market
Remember, the value of a property is determined by the market. The market doesn’t care what you paid for your property. The market is not concerned about your net proceeds. What you want isn’t a concern of the market.
Market value is the value that a ready, willing and able buyer will pay for your property when it is offered for sale in an open market. Simply stated: It is the market that determines value. So, listen to the market. Listen to your Realtor. Avoid common pricing errors. Price your property well. It is the best Seller decision you will make.