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The price sellers set for their home is the first thing home buyers notice about your property. If you set your price too high, then your pool of buyers could decrease compared to comparable properties. You want your house to be taken seriously, and the asking price reflects how serious you are about selling your home.

Several factors will contribute to your final decision. First, you should compare your house to others that are in the market. Using a professional real estate agent will provide you with a CMA (Comparative Market Analysis).

The CMA will reflect the following:
   Homes in your price range and ones that Sold within the last half-year.
   Asking and selling prices of the homes that Sold.
   Current inventory of homes on the market.
   Features of each home on the market

From the CMA, you will find out the difference between the asking price and selling price for all homes sold, the condition of the market, and other homes comparable to yours.

Also, try to find out what types of homes are selling and see if it applies to your area. Buyers follow trends, and these trends can help you set your price.

Always be realistic with your price set on your home. And understand and set your price to reflect the current market situation.

Jerry Campbell - The Muljat Group - Bellingham WA - Bellingham Real Estate

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by Jerry