That's the Million Dollar Question now a days? It might be more than you expect! Within the past 8-12 months real estate inventory levels have drastically deminished. With that reduction current buyers are forced to look through less inventory (typically at higher prices). Along wiith the reduction ininventory,enticing mortgage rates & an ever tightening rental market is forcing renters to consider home ownership (constricting things further). The most important factor to consider when selling anything is the price tag. You don't want to overprice you home because you will lose the freshness of the home's appeal. At the same rate you don't want to just give it away either. The first 2-3 weeks of a home being on the market is by far most crucial. After that 20-30 days period your home's demand & interest begin to wane.
Real Estate is just like any other product whether its IPODS or any other new
gadget. Everyone wants the new/unknown and soon forget about dated products. The
key is to list at market value "The price at which a bonafide seller is willing to sell and an able and willing buyer is willing to buy" Generally speaking a home's market value is close to what similar homes (COMPS) have sold for within the past six months. When doned correctly, pricing your home slightly above market value will yeild you the highest profit possible. It also gives you the highest likelyhood to receive multiple offers (which in turn drives price upward). Pricing a home is all about simple supply and demand. It's part art and part science, and no two agents price property the same way. Contact me 320-310-9018 for an honest opinion.. No Obligation Nessesary
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