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5 Tips to Pricing a Home without Giving it Away

There are a few factors which come into the picture before you price your home or plan to get maximum selling price. Let's read full article.

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5 Tips to Pricing a Home without Giving it Away

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  1. 5 Tips to Pricing a Home without Giving it Away Tips for the real estate investors!

  2. Takes lot of effort… • It is always a dream of a person to buy his own home. It takes a lot of effort and hard work to achieve this in a lifetime. • When it comes to sell your home or house valuation due to any reason you would always wish to get the best price for it. • If anyhow you do not get the best price for your home then it can leave you disheartened. • You also wouldn’t like you home to remain unsold for long because you have priced it extremely high. Therefore it is suggested to do a thorough research before quoting a price for your property.

  3. The factors… There are a few factors which come into the picture before you price your home or plan to get maximum selling price –

  4. 1. Determine Local Home Prices • It is always a wise decision to survey in your own area and find out the existing prices of properties. Different areas have different prices. • Also the price may differ depending on the amenities provided and the quality of construction. • So it is suggested to look for houses of your type so that you price your property accordingly and aptly. Fair pricing will help you in getting clients much more easily and it will also avoid hassles of bargaining with the client.

  5. 2. Analysing the Buyers and Sellers • Every area has its own advantages and disadvantages. • There might be some areas where you will find influx of new buyers throughout the year and some areas where people are less willing to buy a property. • So it is important to analyse the kind of area you live in and how is the rate of buyers in that area. • If it is less, then you might have to keep the price of your property low and if a lot of buyers come regularly then you can keep a moderate price for your property.

  6. 3. Get an Appraisal • The most ideal and safest decision that you can take in order to get the perfect price for your home is to get an appraisal. • An appraisal from a professional and experienced appraiser will inspect your entire house and also take into consideration the locality and then tell you what will be the perfect price for your property. • It will also help you get a real and updated price which is very important because real estate is a very dynamic market where the rates change very frequently.

  7. 4. Strategic Pricing • If you live in an area where the price of properties show a decreasing trend every month, then it is well suggested to decrease your price at one go rather than changing it every month. • For example, if your area has a decreasing trend of pricing by 4% every month then it is recommended to decrease it by 12% at one go. • This might give you lesser price but it will definitely give your property an upper hand than your competitors. Normally agents and sellers tend to decrease their price every month which can make the selling process lengthier so it is suggested to drop the rate at once.

  8. 5. Hire a Good Real Estate Agent • Normally the mind set of people is to avoid involving a real estate agent while selling your property. • This is because of a couple of reasons like they charge commission and they are not always trustworthy. • But it is always recommendable to hire a real estate agent who is in the market for years and has a good name too. The advantage with real estate agents is that they know the market in and out and can help you to get the best price for your property. He can also help you get the best of clients, according to your requirements.

  9. Conclusion! • There are a lot of websites which help you to find out the most accurate price for your property, depending on the city, area and locality you live in.  • Numbeo.comhelps in establishing both the cost of living in a city and also the property value or price. • With this and the other factors mentioned, you can get the best price for your property.

  10. About City Estate Management • City Estate Management is a national real estate services provider built on a foundation of integrity, vision and concrete connection to the ground realities. • With a national network of more than 6 offices and associates thought the NCR, Gujarat, Maharashtra, Rajasthan, Karnataka and West Bengal, City Estate Management offers a broad range of specialist advisory, management and transactional services to client across India. • CEM's backbone, the over 100 City Estate Agents selected for their entrepreneurial spirit, are trained for high standards of client care and deep understanding of marketing, purchase and sale of real estate.

  11. Get in touch.. HEAD OFFICE: F/F,101, Sankalp Square, Drive-In-Road, Memnagar, Ahmedabad - 380052. Gujarat, India. LANDLINE NO: +91 079 2749 1404 / 5 MOBILE NO: +91 84600 14000 WEBSITE: http://www.cityestatemanagement.com/

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