Pricing is one of the hardest, most difficult tasks for realtors. Price too high and you may get showings but no offers. Set the price too low, the home sells quickly, and the buyer is left asking, “could I have gotten more”?
Does your list price make sense?
Realtors look to the selling price of other homes in the neighborhood when pricing a home. Do comparable sales in the area support your price? Comparing a ranch-style house to a two-story isn’t practical — they’re usually two different buyers.
Comparing homes with interim locations (houses look into your backyard) and less privacy aren’t a fair comparison to homes with unobstructed views or homes that back to green belts or open space.
Watch for future blogs about the complex issue of pricing.
