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Your
next objective is to consult with your real estate agent to
determine the best possible selling price of your home. You
will need to take into account the state of the local market,
the condition of your home, and sales of comparable homes in
your neighborhood. He or she will create a comparative market
analysis by taking into consideration the type of market you
are in and recent sales of comparable properties. Your agent
will then guide you to the best fair market price that will
help sell your home within your desired time frame. Usually,
real estate agents have a clearer and more objective sense of
market value than anyone else- including appraisers!
Often,
it can be hard for you, as a seller, to also maintain
objectivity, so remember to be reasonable about the price you
set. You will always be better off setting a fair market value
price than setting your price high expecting that someone will
come along and be willing to pay it. If your home stays on the
market too long because it is overpriced, potential buyers may
think that something is wrong with it and you may end up
selling it for less than what you could have gotten if you had
started out with a realistic asking price.
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