GETTING ASKING PRICE

When a seller decides to sell their property, setting an asking price is one of the most important decisions they will ever make. Depending on how a buyer finds their property, price is often the first thing he or she sees, and many properties are discarded by prospective buyers as not being in the appropriate price range before they are given a chance to be shown.

A seller’s asking price is often people’s “first impression” of their property, and if a seller wishes to make the most money from its sale, it is imperative that they put the effort into making it a good one. However, the pricing strategy used by a seller should not be taken lightly. Pricing a property too high can be just as costly a mistake as pricing it too low. Taking a good look at what similar properties in a seller’s immediate area have sold for in the past is only a small part of the process, and this on its own is not nearly enough to help a seller make the best decision.