When it comes to putting a house on the market, determining
the right asking price is one of the most important decisions you can make.
Whether selling  Hawaii real estate, Maryland luxury
homes
or just about anything else, setting the right price for your
home will help you attract more potential buyers and will also help you get
your home sold more quickly and at a reasonable price. With the help of a
qualified and experienced real estate agent, you should have no problem setting
the right price for your home.sell hawaii house

When determining an appropriate asking price for a property,
real estate agents take several things into consideration. Some of these
include:

- Comparable listings and sales

- Sold comps

- Withdrawn and expired listings

- Pending sales

- Active listings

- Square foot cost comparisons

- Market dependent pricing

When examining comparable listings and sales, real estate
agents look at similar homes in the neighborhood that have been listed for sale
over the past six months. When finding comparable listings, real estate agents
typically restrict their search to those homes that are within 10 percent of
the same square footage as your home. They also consider physical barriers and
other neighborhood dividing lines, as even homes located across the street from
each other can have a significantly different value depending upon certain
factors.

When looking at those listings that have sold within your
neighborhood, real estate agents also consider the original list price compared
to the final sale price, the number of days the home was on the market before
it sold and things such as amenities, lot size and other factors that may
differentiate your home from other homes on the market.

In addition to considering those homes that have sold in the
neighborhood, real estate agents also consider those homes that were withdrawn
from the market before they were sold. By looking for patterns and other
commonalities among these homes, the agent can better determine a price that
will help get your home sold quickly and at a fair price.

While you may be tempted to set a price that is higher than
the real estate agent's recommendation, keep in mind that homes lose their
freshness after being on the market for more than a few weeks. By setting a
price that is too high, your home will go stale and will need to be removed
from the market for a period of time. Therefore, in order to get your home sold
more quickly while also getting a fair price, be sure to give serious
consideration to the price suggested by your real estate agent.

 

About The Author - Realtor Kevin Koitz specializes in Potomac
homes for sale
and is a member of the Koitz Group in the Washington
DC area.