Establish a Price - The main factors that influence the
pricing of your home
rates: The lower the interest rates, the more buyers can afford to
- Supply and demand: Are "for sale" signs
springing up all around the neighborhood? If there are a number of homes similar
to yours on the market, consider them your competition. What can you do to set
your home apart and make it desirable for a majority of potential buyers? On the
other hand, a small number for sale can result in competing bids that send
- Results of a comprehensive market
evaluation. Ensure that a credible and comprehensive market evaluation is done
by a realtor in order to get a truly accurate picture of how your home fits
within the local real estate market.
Are you in a desirable neighborhood, with key services such as schools, doctors,
and shopping nearby? Are there factors that make your neighborhood less
desirable, such as environmental issues or traffic problems?
- Condition: Have you updated features and kept
up with repairs? Is the house clean? Does your house make a good first
impression? (This is called "curb appeal.") How much can you reasonably do to
fix it up for sale?
- Timing: Do you need to sell
quickly or can you choose your time?
Will your home appeal to a growing family or to those who are downsizing?
- Amenities: Does it include features that are
popular, such as low-maintenance landscaping or granite counter tops?
- Terms: How flexible are you with respect to
the sale? What\'s excluded?
- Attitude: How
committed are you to selling