The Right Selling Price for Your Prescott Home Affects Your Bottom Line
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When you’re selling your Prescott home, the price you set is a critical factor in the return you’ll receive. That’s why you need a professional evaluation of your Prescott, Prescott Valley, or Chino Valley real estate property by an experienced realtor.
This person can provide you with an honest assessment of your Prescott home, based on several factors including:
- Market conditions
- Condition of your home
- Repairs or improvements
- Time frame
In real estate terms, market value is the price at which a particular Prescott house, in its current condition, will sell within 30 to 90 days. If the price of your Prescott, Prescott Valley or Chino Valley home is too high, several things could happen:
- Limits buyers. Potential Prescott real estate buyers may not view your home, because it would be out of their buying range.
- Limits showings. Other salespeople may be less reluctant to view your home.
- Used as leverage. Other Realtors may use this home to sell against homes in Prescott, Prescott Valley or Chino Valley that are better priced.
- Extended stay on the market. When a home is on the market too long, it may be perceived as defective. Buyers may wonder, “what’s wrong,” or “why hasn’t this sold?”
- Lower price. An overpriced home, still on the Prescott real estate market beyond the average selling time, could lead a lower selling price. To sell it, you will have to reduce the price, sometimes, several times. In the end, you’ll probably get less than if it had been properly priced at the start.
- Wasted time and energy. A bank appraisal is most often required to finance a home.
Realtors have known it for years – Well-kept Prescott homes, properly priced in the beginning always get you the fast sale for the best price! And that’s why you need a professional to assist you in the selling of your Prescott, Prescott Valley or Chino Valley home.
