Market Value Pricing

Property that is priced correctly according to comparable sales and market conditions demonstrates clear value that buyers will respond to.  Property that is priced in the correct value range will yield more response from the outset and therefore a better financial outcome.  

 

Pricing your property according to market value from day one will get it sold faster and closer to asking price.  If a property is overpriced when first listed, Sellers will often end up having to "chase the market down" with price reductions, often causing the property to sell for less than market value. 

 

What is the lesson here?  Well, that old saying "timing is everything" definitely comes into play when selling your home.  Seize the opportunity to showcase your home at its best and for the right market price and you will see results quickly.  "Testing the market" at a price above market value will only result in a longer time on market and likely a less desirable financial outcome.

 

Need a Comparative Market Analysis on your property?  Contact Erin Feeney: 617-905-4499 or homes@erinfeeney.com