Published On: November 19, 2009
Price is the number one factor in the sale of a home. A property is really only worth what one person is willing to pay another in order to gain ownership of it. Price must be in direct relationship to the other 4 factors and it is the most important of all!
Interest rates, Competition, and the Economy all make up and influence the state of the market when you sell your home. The pricing of your property must reflect the current status of the market.
LOCATION
You usually cannot move a home! To coin the favorite phrase of appraisers: "Location, Location, Location." The pricing of your property must reflect its location.
CONDITION
The upkeep and presentation of your property is crucial to obtain the highest value for your home in any given market at any given time. The pricing of your property must reflect its condition.
The more marketing exposure of on your property the more potential purchasers you reach. The pricing of your property must attract the most buyers to look at it.
When all the above factors are in agreement….
…..you will have a quicker sale!
If just one of them is out of line it will
take longer time to sell, and……
…..the more factors out of line...
..the longer it will take
to receive an offer and sell your home!