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Selling Price: The Effective Ways To Determine It!

Sep 3, 2008
How to fix the selling price of a property? The dilemma happens to each and every seller.

One best solution to this dilemma is to consult a real estate agent. He will consider many factors about the real estate market in the locality and can determine the selling price of the home. I know most of us will feel that the price quoted by the agent is less. But remember, that will be realistic.

The agent will do a market analysis by comparing same types of properties in the neighborhood. For instance, he will compare only a three-bedroom house with a three-bedroom house already sold very recently, say in the last six months. Also they will see those houses, which are listed but not sold during the past few months.

With the perfect market analysis, the agent can guide you in deciding a proper selling price for the property. You can also verify the listed prices for the real estate properties in the last six months, for you to get satisfied. This will ensure that the selling price you quoted is highly reasonable and accurate.

Mostly the seller will not able to sell the property for the asking price. They may have to reduce it while negotiating with the potential buyers. Negotiations can be in many ways, either to agree to pay for closing charges or to reduce directly the selling price. In any way seller will get only less amount than the listed price.

Go With a Real Estate Agent who does Perfect Market Analysis

You will surely looking for a real estate agent who is really a professional, knowing how to market a property. He should be aware of the market trends and also should know what types of properties are easily sold out. Usually the real estate agent will fix the selling price at the higher level after doing the proper market analysis.

Fixing the selling a bit higher helps!

Negotiation is an unavoidable phase of a real estate transaction. During negotiation process, the buyer may ask you to bear the closing costs or points. So it is helpful for you to fix the asking price little bit high. The buyer may ask you to contribute to the down payment as well. If the buyer has bad credit, you may get more selling price in this process.

Do not ask a very high price, no buyer pay attention to the property!

Fix the price only after due considerations of all factors. As a seller, you may be tempted to ask more, but beware that insane prices will keep the buyer at bay.

Make your home appearance is inviting

You require dedicated efforts to make your home appealing. This is the one way to attract the buyer to take note of your property for sale. Do a trimming of trees and plants, make an imposing landscaped lawn and do a little repainting.

You can be assured of a fair selling price, if you approach a good real estate agent. Their professionalism will help you much to have a great deal and a sound selling price.
About the Author
Prue and her 1-of-a-kind site at http://www.realestatebloom.com (where else?)helps you to make money in ways you've never known. Discover how to be a millionaire making money via real estate investment within days, even in a down market!
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