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JOHN DIRENZO, SALES REPRESENTATIVE

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Pricing your home correctly is critical to a successful sale as it will help your home sell for the most amount of money, in the shortest amount of time.

Determining a home's asking price involves

comparing similar homes that have recently sold

while taking past, present and future local market trends into account.

Although you may have your own personal opinion of what your home's worth, it's important to be realistic and unbiased. In the end, the market will determine your home's true value.

There's always a huge buzz when a new property hits the market but if the price is too high, it will quickly become stale and there won't be any incentive for buyers to make a swift, strong offer. Worse yet, buyers will start to wonder what's wrong with it!

Overpricing your property will also help your competition as buyers will see other homes in your area as much better deals since they're less expensive. If your home is priced at fair market value, those same buyers will consider your home more seriously.

Having your property sit on the market is also inconvenient as you'll constantly have to keep it in a show-ready state. Furthermore, carrying costs such as mortgage interest, insurance, taxes and utilities will quickly add up if you get stuck carrying two homes at once.

Pricing a home

is part art and part science. Market factors such as the economy, time of year and interest rates can all make a huge difference.

RE/MAX Centre City John DiRenzo Team Brokerage | John DiRenzo, Sales Representative | Each office is independently owned and operated. | MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.

FREE Home Evaluation

Local Market Knowledge In YourNEIGHBOURHOOD JOHN DIRENZO, SALES REPRESENTATIVE

What's Your Home Worth?

Local Market Knowledge In YourNEIGHBOURHOOD
JOHN DIRENZO, SALES REPRESENTATIVE