When setting the sale price it is advised to take into consideration the market analysis prepared for you that included past sales in the neighborhood along with the current asking price of similar homes on the market, any Expired properties that were listed but didn’t sell and buyers reactions and attitudes.

Dangers of Overpricing

One thing to avoid when selling your home is overpricing it for the market. Initially it is the seller that sets the list price but ultimately it is the buyer that determines the value. It is our job to supply you with current market data to help you avoid the dangers of overpricing your home which can lead to reduced sales associate’s activity, lower advertising response, loss of interested buyers and in turn fewer or no offers. Another downside of overpricing is it can actually help sell the competition.

Things That Don’t Affect Value

It is also important to keep in mind the things that don’t affect the value of property such as the sale price when you bought it, the cost to rebuild today and certain types of Improvements.