When you’re selling your home, the price you set is a critical factor in the response you’ll receive. That’s why you need a professional evaluation from an experienced realtor. David Ortino can provide you with an honest assessment of your home, based on several factors including:
-Market conditions -Repairs or improvements
-Condition of your home -Time frame
In real estate terms, market value is the price at which a particular house, in its current condition, will sell within 30 to 90 days.
If the price of your home is too high, several things could happen:
- Limits buyers. Potential buyers may not view your home, because it is out of their buying range.
- Limits showings. Other salespeople may be reluctant to view your home.
- Used as leverage. Other realtors may use this home to sell against homes that are better priced.
- Extended stay on the market. When a home is on the market too long, it may be perceived as defective. Buyers may wonder, “what’s wrong?” or “why hasn’t this sold?”
- Lower price. An overpriced home, still on the market beyond the average selling time, could lead a lower selling price. To sell it, you will have to reduce the price, sometimes, several times. In the end, you’ll probably get less than if it had been properly priced at the start.
- Wasted time and energy. A bank appraisal is most often required to finance a home.
Realtors have known it for years: well-kept homes, properly priced in the beginning always get you the fast sale for the best price!
That’s why you need a professional like David Ortino to assist you in the selling of your home.