Be Careful not to Overprice Your Home -May 1,2008

Ready to sell? With a market that fluctuates you need to have information available to you in order to price your property competitively based on current market conditions. You know how much you paid for your property, now it's time to determine an asking price which is going to make it attractive to prospective buyers as well as make you happy!A professional Realtor® can help you determine a realistic price to ask for your property. They will research recent sales in the neighborhood and will provide you with information about current properties on the market and current asking prices. In this way, the Realtor® can determine a good selling price for your home based on such factors as the condition, location and size of your home. The Realtor® can also let you know of properties that have been sitting on the market for some time, possibly due to over inflated asking price.Naturally once the seller has decided to place his/her home on the market, they would like to close a deal as quickly as possible as well as making as much of a profit as they can. However, an over inflated asking price may not only delay the sale of the property but may also result in the owner settling for less than the bottom end of his asking price.The Realtor® wants both buyer and seller to be happy. Therefore, they will assist you determine a realistic price based on their knowledge of the market and years of experience closing deals. So don't over inflate! You may end up cutting your own profit.