Properly pricing your home is perhaps the most crucial factor in making a sale. If you set your price too low, you could lose thousands of dollars. If it’s too high, you may discourage potentially qualified buyers and risk having your home sit on the market. And studies show, the longer it sits, the lower the price at which it is finally sold.

The “right” price is a balance between the maximum amount the current housing market will allow, your “competition” and your own time limits in selling. Although the greatest amount of buyer activity typically occurs during the first three to four weeks, a reasonable time frame for selling a house may be between 30 and 90 days. If a house is on the market too long, potential buyers may avoid the house, wondering if something is wrong with it.

So how do you determine the right price? Start by asking an experienced real estate professional to prepare a written Comparative Market analysis (CMA) for you.

Call your Century 21 Central professional today to get the process started and be on your way to selling your home and moving to your new one