How do real estate agents price my home.

[webguy]

I was wondering how a real estate agent can properly price my home for the market. Dropping the price to low make's it a great deal and very attractive to buyers.

[lang]

Typically, a real estate agent will look at a number of factors in considering the pricing of your home. These will include, among other things, the condition of your home and it's overall upgrades, the recent sales in your neighbourhood, and current market trends.

What many sellers are doing nowadays is listing their properties for a super low price, but not allowing any offers to be registered until 7 or 10 days later. This creates a high interest in the house from many buyers during the viewing period, and likely generates a multiple offer scenario. Sometimes these properties end up selling for more than market value simply because of the bidding war.

[HAMZA1234]

Real estate agents, whenever evaluate the property, they first think about the market condition and availability of buyer in the market. The comes the location of the house and then condition. But it is important to look at the profile of agents as well. It's not like that if some agent gives his estimate and you believe it blindly. You must check the market repute of that agent as well. This will help you .....

[torontoboyo]

If one agent tells you that he can sell it for 375000 and another one tells you 370000...is that what they are hoping for or is that what the market rate is at the current time. Also I would have to go with the commission rate they are charging to sell :)

[mariya]

The numbers of factors are affected to the price of home. Like location, current condition, market price.
After configuring all the factors, then price will be decided for your home.

[Aidan01]

A home seller needs a trustworthy, devoted, and reliable agent who can meet their selling requirements in this often difficult and confusing process. Pricing right is a major factor for selling a home quickly. A foreclosure can reduce the price of neighboring properties by as much as 27% all you need to do is find the right real estate agent who will help you in buying or selling a house and duly complete all the legal formalities that are required.

[hazel20]

I was wondering how a real estate agent can properly price my home for the market. Dropping the price to low make's it a great deal and very attractive to buyers.


Do I have to use a REALTOR?....
No. If you sell your home by yourself, though, you will work hard for the money you hope to save. (And if you make a few bad decisions or mistakes, you may actually end up losing more money than you thought you would save.) You must determine a price that will maximize profits without overpricing the home, market your house, schedule and be available to show your home to prospective buyers, handle all negotiating, and coordinate the myriad details involved in seeing the transaction through to a successful closing. In a recent survey by the National Association of REALTORS®, 28% of people who sold their homes themselves said they would hire a real estate professional in the future, while 40% responded that they were not sure of their plans. . .