The Value of a Market Analysis

You probably think you know what price your home should bring, because you have been keeping up with all the sales in the neighborhood. Right? Not quite. A lot more factors will influence the final selling price of your property, and to realistically consider these, you need a Realtor experienced in the Columbus real estate market.

The Right Selling Price Affects Your Bottom Line

When you are selling your home, the price you set is a critical factor in the return you will receive. That is why you need a professional evaluation. I will provide you with an honest assessment of your home, based on several factors including:

Market conditions

Condition of your home

Repairs or improvements needed

Time frame to expect

If the price of your home is too high, several things could happen:

Limits buyers. Potential buyers may not view your home, because it would be out of their buying range.
Limits showings. Other salespeople may be less reluctant to view your home.
Used as leverage. Other realtors may use this home to sell against homes that are better priced.
Extended stay on the market. When a home is on the market too long, it may be perceived as defective. Buyers may wonder, “What’s wrong?” or “Why hasn’t this sold?”
Lower price. An overpriced home, still on the market beyond the average selling time, could lead to a lower selling price. To sell it, you will have to reduce the price, sometimes, several times. In the end, you will probably get less than if it had been properly priced at the start.
Wasted time and energy. A bank appraisal is most often required to finance a home.

Staged homes, properly priced in the beginning, will get you the fastest sale in the shortest time for the best price.

Contact me for a professional market analysis of your property. Your privacy is always guaranteed.

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The Value of a Market Analysis