What does not affect the value of my home?1. What you paid for your home.
2. The amount of cash you need.
3. The amount of cash you want.
4. What another agent says it’s worth
5. What an appraiser says it’s worth
The value of your home is determined by what a buyer is willing to pay and buyers always shop and buy “by comparison”. With 98% of all serious, qualified buyers using buyer agency, they have access to all current, sold and under contract homes. How well your home competes depends on your home’s location, square footage and style but price and condition are critical in retaining buyers’ interest once they view your home.
The first 2 weeks of a well marketed and correctly priced home typically brings a flurry of activity and excitement. Over pricing your home will diminish your showing activity and most often leads to too much time on the market. Buyer’s agents and buyers will begin to view your home differently once it becomes “market worn” and your value can be negatively affected.
Because our market changes daily as your competition sells and new competition enters the market, it’s important to consistently re-evaluate how well you are positioned. Your real estate professional is always watching closely and advising you of changes because positioning your home against the competition is the only way to win.
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