How do I get to my selling price?
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As a seller you will want to be able to understand and agree to the listing price that the agent recommends. This will be your selling price or asking price. In other words, it is the price at which your property is listed and marketed.
So, how do you arrive at the appropriate selling price?
The first aspect, is to ask the agent for a Comparative Market Analysis (CMA). This will compare your property with the other properties on the market that have recently sold as well as with those that are being offered for sale at present.
You need to compare your property largely with those properties that have sold and not just with property listings which can be overpriced.
Compare you property objectively. The fact that you have different style preferences does not mean that they will appeal to buyers and the market.
The best way to eventually agree upon your price is to bring in the expertise of an experienced real estate agent.
Author: Seeff
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