Remember Before Pricing your Property

Pricing right your real estate or property is a big concern. If you choose to over price your property by ignoring the sales comparables in your neighborhood you will instantly lose a significant amount of potential buyers for your property. Once you've achieved a realistic sales price, you can count on your property being professionally marketed and promoted to bring more buyers to your door. You can also expect to sell your home for the best possible price in the lease amount of time.

The value we place on our greatest asset is rarely the price the market is willing to pay. At The Real Estate Consultants we try and provide you with the most realistic figure we can. The single most important decision you will make with your Real Estate Professional is determining the right asking price for your property.

We base our free appraisals on comprehensive reports which detail the following:
• Comparative sales from the past 6 months
• What is currently For Sale on the market
• Your area statistics of median sale prices, demographics etc
• Discussions with you and your price

The Benefits of Pricing Right
Your property sells faster, because it is exposed to more qualified buyers.
• Your home doesn't lose its "marketability."
• The closer to market value, the higher the offers.
• A well-priced property can generate competing offers.
• Real Estate Professionals will be enthusiastic about presenting your property to buyers.

How to Price your Property
These are the few important points to remember before pricing your real estate or property:

Market conditions
Find out how long recently sold comparable properties were on the market before they sold. The longer properties are on the market in your area, the more vital it is to price your home close to market value if you want to sell quickly. Get a free estimate of your home's value to find out where you stand.

Size of your land
The size of your lot may play a pivotal role in pricing your home, especially if there are many comparable homes for sale on varying sizes of lots. See what comparable lots alone are selling for in order to get a sense of land prices.

Comparable sales prices
The most reliable indicators of current market value are pending sales of properties similar to yours and comparable sales that have closed within the past six months. Find out whether or not these were full-price sales. If houses are selling for 95 percent of their list price, it's unwise to price your property more than 5 percent above what you expect to get.

Square footage
Use square footage to compare your price against comparable listings and recent sales. For example, if you have 2000 square feet and you want to price your home at $200,000, that's $100 per square foot. If your neighbor has 2,200 square feet and has his home priced at $200,000, that's about $91 per square foot. Make sure your square footage calculation supports your expected price.

Features
The number of bedrooms and bathrooms is a key variable in pricing a property. If your area is full of homes with two bathrooms, and you have only one bath, you may need to adjust your price downward.

The Real Estate Consultants want to ensure that your property does not sit on the market longer than it has to and we want to provide for the highest price the market is willing to pay at any given time. The only way to really be sure is to have a property valuation carried out on your property. That's why we at The Real Estate Consultants recommended a professional written valuation on every listing.

We don't buy our listings with over pricing of properties we have a service and process that we believe works - Let us do our jobs and sell your property for the highest price, that's what we do best!

For more details on Real Estate visit our http://www.halfvalue.com and http://www.halfvalue.co.uk web sites.