Listing,Price,The,First,Parame business, insurance Listing Price Is The First Parameter In Real Estate Investme
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When you start looking for a property to buy, you will look for manyparameters related to the property. First among the parameters is thelisting price. You or your realtor can decide the asking price for your property, butit is the buyer who decides on the selling price. If the listing priceis more, practically the buyer won't try to negotiate with you. So itis very important to decide on listing price. It should open up thedoors for negotiation with the potential buyers. The logic is very simple. If you put insane prices, no potential buyersgive any attention to it. If you project right price more, buyers willbe attracted towards the property. It is true from the statistics thatfaster sales are assured for properties with correct and reasonablelisting prices. You will surely get more interested calls from realtorsas well. Your listing is the prime factor, which can decide whether yousell the property, or not!There can be several reasons for a seller to overprice his property. Iwill strongly advise you not to overprice your home, as the potentialbuyers never pay any interest in the property that is overpriced. As aseller, you always want more money for your home. It can be in a goodlocation or in an enviable neighborhood. But the buyer will notconsider all these if the listing price is very high.Many studies regarding the real estate business (in fact this is theone area where more and more statistical and scientific studies aregoing on apart from stock markets), brought out the fact that the firstfortnight after the listing is the most crucial period in real estatebusiness. During these two weeks, or first few couple of weeks more than 90% ofthe inquiries come and mostly during this period the deals will besettled. If your listing price is more, most of the buyers miss (intentionally)the listing during this period. Remember buyers are looking for homecome with moderate or cheap prices. You can get immediate responses ifand only if your listing price is reasonable or low. How to determine the perfect listing price?One important and effective way to determine the listing price is toget the appraisal of the property to assess the true value of theproperty. This is a good idea. By knowing the market value of yourhome, you can fix a listing price just below the market value. Thiswill assure you the deal in a faster pace. Keep in mind; you shouldnever quote a price more than the market value. It is not the realtor determine the listing price, it is you as aseller determine the listing price. He can only advise you and givenecessary support in finding out good buyers for your property. You canalways be assured of getting the property sale as fast as possible withmany interested buyers, if you have a right listing price.® Copyright 2008 RealEstateBloom. All rights reserved.
Listing,Price,The,First,Parame