Sunday, July 18, 2010

Setting the Listing Price of Your Arlington or Mansfield Home - by Tom Brewer

Setting the Listing Price of Your Arlington or Mansfield Home

If you are considering selling your Tarrant County home, you should be aware of the fact that pricing your house accurately can sometimes seem more like an art and not a science.

Coming up with the perfect price for your Arlington or Mansfield home requires some objective research into homes like yours and also requires that you have the instinct to determine what a buyer would realistically be willing to pay for your house. If you get the price right, you will have a lot of people interested in looking at your home, which should result in some offers.

Unfortunately, the price is the number one factor that most home buyers use to decide which houses they want to walk through. It is vital that you keep in mind the fact that even though you and your real estate agent have set the price, the selling price is actually determined by the home purchaser.

The right price will:

- Help you to sell your home quickly
- Expose your home to more prospective homebuyers
- Increase the response rate you will receive from realtors
- Result in you receiving more advertisement calls
- Prevent your listing from getting 'old' or 'stale'

Typically, the houses that sell the fastest are those that sell close to or sometimes over the price asked.

You should be aware of the fact that most of the activity on your home will happen during the first few weeks on the market. If your home is priced correctly, you will put a bit of urgency in the minds of the buyers. If you overprice your home and then reduce the price later, it may be too late as the interest shown by the buyers may have waned. Over listing a home is a bad idea, and any Realtor who tells you or lists your house that way is doing you an incredible injustice. Go to www.tombrewerjr.com for more information.

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