Determining The Selling Price For Your Property

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Determining The Selling Price For Your Property

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One of the most difficult parts of selling your home is determining its list price. Your goal, of course, is to price your home competitively, while still making a profit. You should start by understanding the difference between the list price and the selling price. The list price is what your home is advertised for. The selling price is what it actually sells for. The list price of your home may change if it doesn’t sell quickly or if the real estate market changes. The selling price, though, is final. Setting the right selling price for your property often results in a faster sale. It can mean preventing your home from languishing on the market and lead to greater interest from prospective buyers.

3 Important Factors That Help Determine The Selling Price of Your Property

1. Value & Condition
The condition of your home is a major factor in determining what it lists and sells for. A home in pristine condition will sell at a much higher rate than a home in disrepair.
2. Specs & Comps
Study the selling price of homes with similar bedrooms, bathrooms, square footage, and allocated land. The selling price of similar homes in your area affect the way your home is priced.
3. Neighborhood & Location
Each area of Charlotte, NC attracts different buyers for a variety of reasons. Families with young children will look for homes in different neighborhoods than empty nesters. Homes in upscale neighborhoods typically carry a higher selling price.

Current market conditions might cause the asking price of your home to fluctuate up or down. These three additional options also play into determining your property’s optimal selling price. First, you can work with a realtor and let them set the price for you. Secondly, you can sell your home on your own and wade through all the factors that go into setting its price. Finally, you can work with the home investors at Homes In 704. We conduct our own market analysis and work with you to create an immediate cash offer for you home and complete the sale quickly. No further time, effort, or expense is required on your part. Call us today at (704) 815-5386 to sell your home at a mutually beneficial price so you can get on with your life.



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