Right Selling Price and Your Bottom Line.


Map of Ohio highlighting Ashtabula County

Map of Ohio highlighting Ashtabula County (Photo credit: Wikipedia)

When you’re selling your home or land, the price you set is a critical factor in the return you’ll eventually receive.  That’s why you need a professional evaluation from an experienced Realtor.  A professional can provide you with an honest assessment of your property.

Several factors should be assessed.  Those are market conditions, condition of the property, repairs or improvements, and your selling time frame.

In Real Estate terms, market value is the price at which a particular house or parcel of acreage, in its current condition, should sell within 30-90 days.

What can happen if you price your property high?  You may limit buyers.  Potential buyers may not view your property because it may be out of their price range.  Agents may not show the property as readily when the price is too high. They may even use it to leverage another property that are priced better.   Your property may even stay on the market much longer than it would if it were priced lower.  When this happens sometimes the property may be perceived as defective.  Buyers may wonder what’s wrong with it or why it hasn’t sold. 

When a property is on the market beyond the average selling time, this can lead to a lower selling price.  To sell it, you will have to reduce the price–sometimes several times.  In the end, you’ll probably get less than if it had been priced correctly to begin with.  

Property that is properly priced in the beginning will always get you the fastest sale for the best price. An experienced, knowledgeable Real Estate Professional is your best ally.



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