Back to Table of Contents

Setting the Price

The price is the first thing buyers notice about your property. If you set your price too high, then the chance of alienating buyers is higher. You want your house to be taken seriously, and the asking price reflects how serious you are about selling your home.

Several factors will contribute to your final decision. First, you should compare your house to others that are in the market. If you use an agent, he/she will provide you with a CMA (Comparative Market Analysis). The CMA will reflect the following:

  • houses in your price range and area that were sold within the last half-year
  • asking and selling prices of houses
  • current inventory of houses on the market
  • features of each house on the market

From the CMA, you will learn the difference between the asking price and selling price for all homes sold, the condition of the market, and other houses comparable to yours.

Also, try to find out what types of houses are selling and see if it applies to your area. Buyers follow trends, and these trends can help you set your price.

Always be realistic. Understand and set your price to reflect the current market situation.

Back to Table of Contents


Wendy Nappier, Realtor® 
Exit Elite Realty

11928 Cherry Road
Fredericksburg, VA 22407
Phone: 540-993-5457

Email: wendywithexit@gmail.com

Certified Agent with Home Partners of America

https://www.homepartners.com

Wendy Nappier reviews

Wendy Nappier - Agent with EXIT Professional Real Estate

www.HUDHomeStore.com


 
agent photo

Testimonials

In all our dealings with Realtors over the years, we have never met anyone as helpful and energetic as you have been. Without hesitation, we would highly recommend your service to anyone who is looking for an experienced Realtor who cares about getting things done and doing them right! Thanks for taking such good care of us, we couldn't have done it without you! Nick and Tiffany B.
View All