This is the next post in my series on selling your residence. My last article discussed whether you need a realtor to sell your Dayton area home. It is important to understand that, while hiring a real estate agent is not required, working with a professional tends to result in sellers receiving a higher price for their house or condo. In this article I will discuss a very important topic – setting a price for your property. There are many factors which go into setting your list price. If you require assistance with listing your property then contact me today to speak with a realtor.
Several factors go into pricing a home in Dayton, Kettering, Beavercreek, and other areas
It is important that you set the right price when listing your home. Asking an amount that is too high can result in your residence sitting on the market longer than necessary. That, in turn, can lead to a lower final selling price due to the fact that homes tend to struggle when they sit on the market for longer periods. Asking an amount that is too low, by contrast, can result in you receiving less than your house is worth. I will now discuss some issues to consider when setting your price.
Several factors should be considered when setting your listing price. The value of your property will depend on the age of your house or condo, the location of your property, the overall condition of the structure, any upgrades you have performed on the property, etc. It is also important to consider the extent to which buyers may have to make immediate repairs to the property; the more money a buyer will have to put into the residence then the less they will be willing to pay as a purchase price. These items, amongst others, help a buyer decide what they wish to pay for a home. It is important to remember that prices will also be influenced by issues not necessarily related to your house or property. These things include current interest rate levels, the state of the economy, and more.
Sellers must remember that markets go up and down. Market fluctuations may be seasonal or they may be the result of other factors. There are a few things, however, which are constant. The first is the fact that the amount of money you wish to make from a sale is irrelevant to the value of your home. Many people make the mistake of pricing their home at a level where the sale would provide them with money to pay off credit card debts, student loans, or other obligations. These people often see their homes languish on the market due to the simple fact that an amount which someone will pay for a house is based on the house itself and not the seller’s personal finances. When you are selling a home it is important that you base your pricing on the market and not your personal situation.
I am a Dayton realtor who assists people with properly pricing their residence. I also service the areas of Beavercreek, Centerville, Clayton, Englewood, Oakwood, Fairborn, Harrison Township, Huber Heights, Kettering, Miami Township, Miamisburg, Riverside, Springboro, Trotwood, Vandalia, Washington Township, West Carrollton, and Xenia.
A Dayton real estate agent can help someone determine an appropriate price for their house
There are several steps a real estate agent can take to help you determine an appropriate price for your house. First, an agent will analyze comparable residences in your area in regards to price, how long it took such homes to sell, and more. Second, an agent can help you understand whether improvements should be made to the property before listing it. There are many instances in which investing a small amount into improvements can lead to an increase in sales price which exceeds the cost of repairs. Such improvements may include fixing broken or damaged items or simply taking steps which improve curb appeal. Again, a professional can help you to decide whether it is worth it to put money into the house before listing it for sale.
If you wish to list your property then contact me today to schedule an initial appointment.