Wednesday, November 21, 2007

How to price your Property

Pricing of the property can be considered as the hardest thing to do. Being a FSBO seller, you may have to come across such situations where you need to price your property correctly. Yet, price is the single most important factor in finding a buyer.

Today's sellers usually just add 1 or 2 percent above market to the current status of the property and fix their current price which is not a good practice.

Pricing of the home should include each and every labor you put in making improvement into your home. There was the time you added shelves in the master bedroom closet and spent an entire week painting the kitchen. Then there's the second mortgage that has to be paid off from that refinance. And there's the money you need to get out of the sale to make your next home purchase. In order to facilitate quick sale, home buyers can undercut the market price by 1 percent. You can also hire a professional Chartered Accountant or any other professional help to get your home valued correctly and proper estimates can be made too. After getting proper estimates, you can fix up a selling price that justifies every demand.