Much attention is paid to those factors that should affect your asking price (market forces, your home's location and condition)- but what factors shouldn't be a consideration?
- What the neightbours got for their home. Your reasons for selling may be different , you may be selling in a different market, your home's condition might be signifantly different, their home may have upgrades yours doesn't- in short, your neighbour's property shouldn't be your only basis of comparison.
- Your Homes sentimental value. You've worked hard to make your home a safe, comfortable place and have no doubt created a lot of cherished memories there thatmake it immensely valuable to you. However, it's important to remember that home buyers aren't buying your lifestyle or your memories, they are buying a product, so price it as such
- Your Financial needs. Are you moving to a more expensive area? Do you have debts to pay off? If so, you may be tempted to base your asking price on how much money you need, not how much you can get. The fact is, your finacial needs should not influence what you list your house for.
- Information provided by non-professionals or the internet. Your friends, family, co-workers and neighbours mean well, but they're unlikely to have sufficient market knowledge to know what your home is worth. Likewise the internet, there are just too many variables (like those mentioned in the first point) for any online tool to provide reliable pricing information.
If you are planning to sell your home now or in the near future, please don't hesitate to contact me, Dave Pinnell Jr. of Century 21 Lanthorn Realestate in Napanee, and I will be happy to visit your home and talk to you about your home's value.
Thanks for reading my Blog, please keep checking back for new entries.
Dave Pinnell Jr, Sales Representative, Century 21 Lanthorn Real Estate, Napanee