Selling Your Home? How Should You Price it?

This video provides and overview of points to think about when selling your home in Los Angeles. Bottom line your goal is to get the best price AND terms based on the market at the time you are selling.

Market conditions interest rates and competition will all affect the amount at which you will want to list.

The price you want, and the price a buyer is willing to pay are going to depend on a series of conditions So pricing is somewhat of an art.

Other factors include:

  • How your home compares to other homes for the same buyers
  • The inventory of homes and the level of buyer demand

Your needs will play a role in negotiations, for example, if you must sell quickly, but the final price will be determined by the market not by your needs.

Buyers and their agents will be looking at comparable properties  and market conditions, and they will want to pay as little as possible while meeting their needs.

Remember that the price isn’t the entire deal – repairs, closing, points, appliances and other factors can all change the value you finally receive. Listen to your broker, stay informed, be patient if you can and make your best reasonable, unemotional decisions.

 

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