We've interviewed a few real estate agents. They've given similar ranges for the value of our condo. Is it better to list at the top end to try to maximize what we get from the sale?
Asked By Jake | Nashville, TN | 472 views | Selling | 1 year ago
Every market is different but pricing the home based on the current market conditions and comparables is the best way to get maximum exposure which in most cases leads to multiple offers which then of course leads to the highest price.
In San Francisco market, it is better to list a property at a low end to maximize the sale price. When you we priced a property below market value, we will get more buyers coming to see at the property. Without buyers coming to see the property, it will hard to maximize the price.
Generally pricing higher means less exposure, less buyers and less money in the end. The more competitive you price it the better the end result in most cases. When pricing it high, most buyers wont look at a home thats prices higher than others comparable homes. If they do view the home, they are comparing yours to others that have more features and amenities. You will be helping your competition sell.
When you decide to sell your home, one of the first documents you will review is the comparative market analysis (CMA). This document evaluates similar properties in your area that have sold recently, providing a guide for what your home is worth. While you can conduct an informal comparative market analysis by looking at houses in your neighb