Asking Price Critical to Attract Buyers
Your asking price is critical to attract buyers. It is the most important NUMBER for you to consider when analyzing your real estate. Let’s take a look at what happens when a client wants to list their property or perhaps already has their property listed. When you have a property that you want to put on the market you usually have a price in mind of what you would like to sell it for. First ask yourself if there have been any properties near you that have sold lately? What did they sell for? Were these properties similar to yours? A simple numbers measurement is used to determine what the neighborhood property sold for per square foot of housing unit. Was their lot larger, smaller or similar to your lot? What type of upgrades do you have compared to the property that sold most recently?
These are key factors in helping you determine the value of your home in the current market. If you don’t have access to this type of information I would be happy to help you with it and would begin by doing a current market analysis of your home. This is what I mean by numbers. How close are the numbers I calculate to the original number you wanted for your property? Determining the proper price on your home will give you the best opportunity to sell your home in the marketplace. Do you have any flexibility in what you have chosen as your asking price? What will you do if you get an offer that isn’t quite as much as your asking price? Do you have the time to wait and see if you can get an offer closer to your asking price? Are there any simple upgrades to your property to make it match better with your asking price? Do you need to reconsider the asking price for your property? These are all questions you can discuss with me so together we can get you an asking price that will appeal to prospective buyers
We’re just starting on this journey of numbers – so keep focused and always keep in mind, it always feels sunny when your real estate dreams come true. Sun Realty Inc. Dave Parker owner/broker