Subtleties of Setting a Price for a Home
In terms of selling a home, the main factor is a home price. Home seller has to remember what he had done before buying a home. And he probably did the comparable market analysis in order to find out the fair offering price. Of course, homebuyer will do the same. So, home seller has to do this again before setting a home price. Home seller has to not overprice a home. In this case it will be less likely to sell it. It is better to do the opposite. And there is no need to think that the lower home price will bring less money to the home seller than the true home price value is. As the matter of fact setting a price that's on the low side will generate multiple offers and bid the price up to the home's true market value. Underpricing the home a bit can actually be a strategy to generate extra interest in home seller’s listing. Also home seller has to not believe that he will get the asking price from selling a home. The smart homebuyer will probably negotiate, and if the home seller wants to sell a home, he has to play the game. Many people want to list their homes at a price that will attract home buyers while still leaving some breathing room for negotiations. This will allow thehomebuyer to feel like he or she is getting a good value and allow the home seller to get the amount of money that he need from the sale. Of course, whether he ends up
with more or less than his asking price will likely depend on whether he is in a buyer's market or a seller's market and on how well he has staged his home.
Created by http://davidcronnin.com, Original in http://blog.davidcronnin.com