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How do I know how to set a fair price when selling my property?

March 13, 2012

Real Estate

How do I know how to set a fair price when selling my property?

When selling your home setting a fair price will often net you more money that asking an artificially high price. Pricing your home correctly will often create a multiple offer situation causing the home buyers to compete against one another.

Selling your home with too high of a price tag will scare off potential buyers. Setting an artificially high price may cause your property to languish on the market for months. Here are some of the factors to consider in pricing your home.

Location
Economic conditions
Supply and demand locally
Seasonal influences
Average home prices in the area
Your properties extras

To determine the value of your home, ask a licensed agent to prepare a market analysis for you, showing the recent selling prices of properties comparable to your own. The agent can help you adjust for the unique features of your own property.