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Setting the right selling price for your house is key to making a quick sale. What is considered the right price may vary depending on the property’s condition, location and other factors. Think of pricing a property as an art that one can excel at with more practice and experience. Hiring a real estate agent can help a great deal in this regard given how regularly they deal with these situations. Regardless of how you wish to approach this, here are some factors to bear in mind.
Condition
As you would expect, every prospective buyer would want a house that is clean and uncluttered. If your house happens to be in bad shape and requires a host of repairs at the time of selling, no buyer would agree to a deal unless you choose to sweeten the deal with a sizable discount. Consider some repair work before you put the property up for sale if you wish to fetch a high price for it. The better the condition, the greater your chances of making a more profitable sale.
Competition
It is a good exercise to look at comparable houses in your locality before you set a selling price for your house. The houses in your neighborhood are likely to share similar features and overall appeal of the community which constitutes the average cost of a house. This is why comparing selling prices of similar houses in your neighborhood can be extremely helpful. Do not try to overly exceed the average selling price in the area, nor should you make the mistake of pricing your house too low.
Amenities
Easy access to schools, supermarkets, restaurants and parks are all amenities that add to the value of your house. As new businesses and construction projects get announced in your locality, the prices of properties also get affected. In short, the more the locality has to offer, the greater the potential value of your house.
Setting the right selling price is crucial to making a quick and profitable sale, so remember to account for these factors when deciding the price for your house. You can get in touch with me for any assistance or advice about buying or selling a home in Greater Boston. Feel free to call me or send me an email or get in touch on Facebook.
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