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Perhaps the most difficult aspect of selling a home is
determining a listing price. This is where your realtor can
provide much needed assistance. In setting a listing price, your
Realtor will take into account several factors including:
- Comparative value of other homes in your area:
The Realtor can use records to see the selling price (or
asking price) of similar homes in your neighborhood.
- Current housing market conditions:
The Realtor can provide direction on the housing market in
your area. Are there a large number of homes currently
available? Are people buying in your neighborhood?
- Projections for the economy/jobs:
What is the outlook for the economy? Are interest rates
expected to rise or fall? Are companies growing and requiring
more people?
These are all considerations that must be looked at before
establishing a listing price. It is important to take your time
and set a price that will not scare away potential buyers, but
not leave you with less than you need.
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