Boston Real Estate FAQs / Selling /
How is an asking price determined?
Votes: 0
Asking price is usually set using a CMA or Comparable Market Analysis. This method uses location, recent sales for comparable homes, quantity and quality of properties both currently on the market and sold, and even listings that have expired, to determine a reasonable price.
Similar homes For Sale now show what we are competing against. Similar homes Sold recently tell what buyers are willing to pay for a home like yours in this area at this time. The expired listings represent the problems of over pricing. The desired result is to find a price that will attract a qualified buyer in a reasonable amount of time.
If you'd like some more information on pricing your home for sale, call me at 617.244.4499 ext. 214 or e-mail charissa@HomesInBoston.com.
Similar homes For Sale now show what we are competing against. Similar homes Sold recently tell what buyers are willing to pay for a home like yours in this area at this time. The expired listings represent the problems of over pricing. The desired result is to find a price that will attract a qualified buyer in a reasonable amount of time.
If you'd like some more information on pricing your home for sale, call me at 617.244.4499 ext. 214 or e-mail charissa@HomesInBoston.com.
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