BEST PRICE OBTAINABLE FOR YOUR PROPERTY in WILMINGTON, NC
Kay's market evaluation supplies the necessary data to help you establish the best listing price. It does not limit the actual selling price of the property. It does, however, provide a strong foundation upon which you may base your expectations.
The best price obtainable for your home will ultimately be determined by the dynamics of the market. Buyers dictate the best price obtainable.
Buyers compare properties. Home buyers engage in comparison shopping -- they will not pay more for your property than they could pay for a similar one.
Realistic prices attract buyer' attention. The price at which your house is marketed must attract enough attention among buyers to generate showings and offers.
A competitive market evaluation shows what buyers are willing to pay in today's market. If buyers think your property is a good value, they will know it won't last long on the market and they will act out of fear of losing a good property.
A well priced home creates market momentum and therefore produces a higher price.
In major markets such as Wilmington where a computer database is employed to sort out homes for a buyer, a little known advantage will be gained by pricing exactly on round numbers. You will enlarge your pool of potential buyers and sell a bit faster by pricing on a round number.
In any price range, it is the properly priced properties that jump out as a good value and obtain offers.
The selling price to asking price ratio is probably the single most important statistic available about our real estate market. It is simply the percentage of the final asking price that is agreed to in a contract. The ratio tells how much "fat" is required in the asking price, on the average. It quickly eliminates the guesswork and prices your home within the percentage range that it should be. This is a price that should bring a reasonable offer. alternately, if you set the price too high, there will be no offers to negotiate.
