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Is My Home Priced to Sell?    
The Right Price Means a Successfull Sale
Pricing your home is both an art and a science. Achieving the optimal price is the result both of objective research into comparable properties and a gut feeling about your property and the current market. The right price should:
  Attract buyers
  Allow you to earn the most money possible
  Help you sell as quickly as possible
The simple fact is, price is the number one factor that most homebuyers use to determine which homes they want to view. And it's important to remember that, although the price is set by you, the value of the home is determined by the buyer. Try to avoid allowing your enthusiasm to impact your better judgment - overpricing is a common mistake that can cost you in the end.
Factors Affecting Your Asking Price
How quickly you need to sell.
The amount of competition in your price category and area.
The availability, flexibility and affordability of financing.
The sale prices of similar homes sold in your area during the past six months to one year.
Factors That Should NOT Affect Asking Price
The original cost of the property - price is determined by today's market.
Any investments you've made in improvements.
The cost to build your home today.
The opinions of friends and neighbors.
Problems The Can Arise From Overpricing
You might help sell similar homes that are priced lower.
Your home may stay on the market longer.
You might create a negative impression of the property.
You could lose money as a result of making extra mortgage payments while incurring taxes, insurance and unplanned maintenance costs.
You may have to accept less money.
A potential buyer may face appraisal and financial problems as a result of the inflated price.
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