Determining a Price

As real estate professionals we use a variety of means to determine the market value of your property. There are 5 factors that help determine the sale price of your home:

Location: The single greatest factor in determining a price is location. Consider two identical homes, Home A is on a busy street next to a gas station, Home B is 3 blocks away on a quiet street surrounded by other homes. Everything else being equal, Home B will be priced higher.

Competition: Buyers will compare and interpret value based on other available properties. Buyers will be comparing your home to similar home's for sale, pending sales and recently sold homes. These will be used as comparables to your home to help evaluate your property.

Timing: Market conditions change and cannot be manipulated. An effective marketing plan and pricing strategy must take these conditions into account. Selling in a down market will require an aggressive sales price and marketing strategy.

Condition: Property condition directly affects the price and speed of your sale. Putting your home's "best foot" forward is critical.

Final Price: In the end it’s the market place that will determine the price. We use all of our experience and data to calculate where we think your property will sell.