As a seller, you should be able to identify the approximate value of your property in Central Frisco, TX

Setting a price is the most important sales tool in real estate.  If your house is priced right from the start, you’re on the right path to attract the most number of buyers who can afford to pay the price your home is worth and within your own timetable.

What will happen if you price your property in Central Frisco, TX more than 5% over the market value?

• Your buyers may be intimidated and they may resist inspecting your home since they can find better values somewhere else.

• Buyers won’t even bother to look because they can’t afford it.

• The longer your house sits on the market, people in the marketplace may think something’s wrong. This is when your home can become “stale”.

• Tendency is you will be inclined to lower the price later down the road, just to be able to move the sale.

On the other hand, underpricing it would also be a substandard choice. You will lose money if you set your price below the market value but when time is of the essence, then setting a bargain price may attract more prospects.

How do you set the right price?

A licensed REALTORⓇ like myself has access to the Multiple Listing Service (MLS) where I can see all the information that we need to compare your home to similar properties in your area.

• Examine the features of your home that stand out among the listings on the market.

• Enhance the marketability of your house in order to reach the highest possible value. This is where curb appeal comes in, including making all the necessary repairs and improvements before listing it on the market.

• I can present to you a Comparative Market Analysis (CMA) when we start working where we can compare the recently sold properties in your area that are similar to yours. This will help you determine the listing price.

Your home’s market value and your personal situation should go hand in hand. Your situation will have a strong influence on how you will put a price on your home.

You also need to put mortgage into serious consideration. If you can see, through the analysis that we’ll do, that the market value won’t cover the mortgage balance, you may want to wait until the market conditions improve.

Why do you need a REALTORⓇ to sell your home?

Selling your homes means you will need time, negotiating skills and knowledge of neighborhood trends. These are some of the things I can do for you aggressively. It’s my job to keep abreast of the market changes that happen everyday.

When you’re ready to sell your home in Central Frisco, TX, please take advantage of my expertise to help you see the clearer picture of the current market conditions and price your home to sell.

I’m Loreena Yeo and you can reach me at 214-783-2210!