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Pricing Your Culpeper Home to Sell Fast!
Along with an outstanding and measurable marketing plan, the price you list your home to sell for will determine how successful you are in meeting your goals. It is important to understand that the value of your home flocculates with the market conditions.
What Determines Value?
Location, Location, Location! How many times have you heard that? Location within the Regional-Metropolitan area, location within the county and location within the neighborhood. When comparing properties in the same neighborhood, the following affect market value:
- Size of the house
- Condition of the house
- Number of bedrooms, baths and fireplaces
- Improvements such as new kitchens, baths, skylights, decks, roofs, HVAC systems, windows, etc.
- Additions such as first floor family room, garage, breakfast room
- Size and usability of the lot
- Garage, carport, and/or off street parking
How Is Value Determined?
It is determined by what a buyer is willing to pay in today’s market based on the comparison of your house to others on the market, both here and in other neighborhoods. Yes, you are in competition with your friends and neighbors who are selling their house.
What Does Not Affect Value?
- What you paid for your house
- Your remodeling costs
- What the builder charged you for upgrades
- The amount of cash you need to buy your new home
- How much you want for your house
- What I say your house is worth
- What other real estate agents say your house is worth
- What an appraiser said your house is worth
- What your house might have been worth if you sold it two years ago
Who Does Determine The Value Of Your Home?
Buyers! They are the ones who must make the decision that the value of your home matches what you are asking for it. The fewer buyers there are that feel that way, the harder it is to sell your house.
Pricing your home right is the only way to get it sold fast! |