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Selling Price

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The Right Selling Price Affects Your Bottom Line

When youā€™re selling your horse property, the price you set is a critical factor in the return youā€™ll receive. Thatā€™s why you need a professional evaluation from an experienced, specialized broker. This person can provide you with an honest assessment of your home, based on several factors including:

  • Market conditions
  • Condition of your home
  • Repairs or improvements
  • Time frame

In real estate terms, market value is the price at which a particular house, in its current condition, will sell within 30 to 90 days.

If the price of your home is too high, several things could happen:

  • Limits buyers. Potential buyers may not view your home, because it would be out of their buying range.
  • Limits showings. Other salespeople may be less reluctant to view your home.
  • Used as leverage. Other realtors may use this home to sell against homes that are better priced.
  • Extended stay on the market. When a home is on the market too long, it may be perceived as defective. Buyers may wonder, ā€œwhatā€™s wrong,ā€ or ā€œwhy hasnā€™t this sold?ā€
  • Lower price. An overpriced home, still on the market beyond the average selling time, could lead a lower selling price. To sell it, you will have to reduce the price, sometimes, several times. In the end, youā€™ll probably get less than if it had been properly priced at the start.
  • Wasted time and energy. A bank appraisal is most often required to finance a home.

Realtors have known it for years ā€“ Well-kept homes, properly priced in the beginning always get you the fast sale for the best price! And thatā€™s why you need a professional to assist you in the selling of your home.  

 

 

   








 
 



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