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Real Estate Tips
Pricing >Competitive Pricing

You have seen it all over the years--interest rates rise and fall, sales prices escalate and decline. No matter what phase the market is in, it is always important to price your home in your area competitively. How can you price your home with confidence?

The first step is to contact a professional real estate agent for a comparative market analysis. The agent will look at recent sales of comparable homes in your area and give you information about other properties that are currently on the market. By comparing the size, location and condition of your home to the competition, your agent can help you determine how much to ask for your home. Even in an active market, an inflated price may frighten prospective buyers away. A house that is over-priced can take additional weeks or months to sell, and the final sale price may even be lower than if the sellers had started out more realistically. The price is based on market conditions, comparable sales, and your agents years of experience in the marketplace.

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Real Estate Trivia
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What are three of the best indicators of real estate market trends?

A 
Existing home sales, new home building and mortgage interest rates.
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Diane Rapel-Zierak, REALTOR®, real estate agent and broker for Chester, Long Valley, Mendham and Washington Township, New Jersey home listings, property and land for sale - NUMBER1EXPERT

Diane Rapel-Zierak
Weichert Realtors

1242 Main Street
Chester, NJ 07930
973-214-4047
Fax: 908-684-1761
dianerapelzierak@NUMBER1EXPERT.com


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