What DOESN’T Determine Price?
As we work together to set your price, you’ll want to recognize the factors that may prompt you to raise your asking price too much when it isn’t warranted.
Some of those factors include:
- Upgrades have been added. While many home improvements will help you recoup a good chunk of your investment, it won’t give you 100 percent of what you paid. Also, the more personal the improvement—a swimming pool, a sunroom, purple floors—the less likely it will be viewed favorably by potential buyers.
- The need for money.
- You’re moving to a higher-priced area.
- The original purchase price was too high.
- You wants bargaining room (listing more than 1-3 percent above market value actually reduces bargaining power).
- An unnecessary move, so you’re not motivated