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Pricing Your Property

The value of your property is determined by the current market.

 

Experience has shown that a well priced home will sell quicker and for a better price than one that is overpriced.

 

The initial excitement among prepared buyers will be created and result in offers when your home is priced nearest to what the market will bare.

 

The Danger of Overpricing

When setting a price, why not ask for the moon? Make no mistake, we want you to get the best possible price for your property. However, when a home is priced too high for the market:

 

1. It attracts lookers, not legitimate buyers.

2. It implies that you are not motivated to sell.

3. It reduces the number of showings.

4. It helps the competition look better.

5. You may ultimately have to drop your price below market value in order to sell.

 

The best offers often come when a property is newly listed - if priced too high, it is difficult to create the momentum necessary to sell your home at the highest price in the least amount of time.

 

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.