Home Selling Price Misconceptions
It is very important to price your property at a competitive market value at the signing of the listing agreement. Historically, your first offer is usually your best offer!
This can be a touchy subject for sellers, but it is an extremely important one. When selling your home, the price is ultimately set by what a home buyer is willing to pay the home seller for the home in today’s market! Granted, there are several factors that help determine the value, but in the end, it is often simple supply and demand economics. Home loans, and other factors can play their part in the home’s value, and this is why you need an experienced and qualified Realtor and their team, on your side.
Here are some areas that don’t determine the current value of your home:
- What you paid
- What you need
- What you want
- What your neighbor says
- What another agent says (It is only talk, until they can back up what they say with facts)
- Cost to rebuild today
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