An accurate and objective valuation of a home is the critical factor in all residential real estate transactions. It is important when you buy. It is important when you sell. You should employ an experienced real estate agent who has a proven record of successful market analysis for both buyers and sellers.
When selling their homes, many buyers are tempted to try a “wishful” price just to see if there is someone out there who loves the house as much as they do. There are two main issues with that type of strategy. First, if they don’t find that buyer, they will need to start bringing down the price to the “market” value having lost the initial new listing interest which brings then main bulk of buyers to your property. Knowing that most shoppers (94%) are shopping for homes online, it is important to note that price-change-tag on a listing will never bring as many interested viewers as will a new-listing-tag.
The second issue with wishful pricing comes after a deal has been made. Suppose the home is sold at or near that wishful price. If that price is higher that the market value, the assessment will reveal that variance and financing for an over valued property is nearly impossible.
Pricing a property requires strategy. Certain simple changes to the property, like staging, minor repairs and/or improvements and other professional advice can raise property value. We invite you to contact us if you are interested in having your property evaluated. We never charge for a simple evaluation and market analysis. We are happy to help you in any way we can.