BAP Blog The Importance of Determining the Right Selling Price for Your Home in Irmo South Carolina
The Importance of Determining the Right Selling Price for Your Home in Irmo South Carolina
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September 4, 2009, by

 

Ever heard the phrase “location, location, location”? those three words are often thrown out by Realtors and others as the three primary factors in getting a house sold. There is much truth in that. An alternative would be “location, condition and price.” PRICE IS KING! Ay house, I repeat, any house will sell for the right price. And just what is the right price? The right price is the price that a willing, able and ready buyer will pay in the current market. It is not what an appraisal or comparable market analysis tells you. Of these three factors, the seller has control over two of them; price and condition.

 

Let’s focus on price. Because of the critical nature of price in getting you house in Lexington SC sold, it is imperative that you get a professional evaluation from an experienced Realtor. He or she can provide you with an honest assessment of your home based on the current market conditions, condition of your home, repairs and improvements needed, and the time frame in which you would like to sell.

 

Beware. Some Realtors are willing to “buy” your listing, meaning they will give you a price to list your house at that is too high but is pleasing to your ears, even though they know it is little chance of selling for that price. Don’t waste your time.

 

If your house in Irmo South Carolina is listed too high several things can happen:

  • Potential buyers may avoid viewing your house because it is priced out of their price range.
  • Your home may simply be used by other Realtors to sell other homes like yours that are more reasonably priced.
  • Homes that stay on the market too long risk having that precieved “stale” stigma attached to it. Buyers begin to ask “what’s wrong with this one?” there are exceptions,but that is not unsual.
  • Buyers begin to come in with “low ball” offers if your house has been on the market for an extended period of time because they figure you are becoming despriate.

 

If you are going to test the waters in Irmo South Carolina by listing somewhat high, make sure you have a price reduction schedule in place and are ready to adjust quickly if the market is telling you, either by comments or few showings, that your price is too high.

 

Homes that are in good condition and priced right from the beginning are going to yield you the best price in the least amount of time, and headaches.

 

For complete information about the Irmo SC Real Estate market, including current homes for sale, property values and more please visit my website at www.IrmoSCHomesOnline.com. Please feel free to contact me at

Charles@CharlesStill.com or call me at (803) 233-7544.


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