Thursday, March 10, 2022 / by Tara Turner
Your aim is to get the best price and terms in your market during the period you're selling. Market conditions, interest rates, and competition all matter. The price you want and the price a buyer will pay are framed by those complex conditions, so pricing isn't completely predictable.
Other factors include how your home compares to other homes for the same buyers, the inventory of homes and the level of buyer demand. Your needs also affect negotiations. For example, if you must sell quickly. The final price will be determined by the market, not by your needs.
Buyers look at the same comparables and market conditions and they want to pay as little as possible while meeting their needs.
Remember that the price isn't the entire deal. Repairs, closing, points, appliances and other factors can all change the value you finally receive. Listen to your real estate agent, stay informed, be patient if you can, and make your best reasonable, unemotional decisions.
If you have any questions relating to buying or selling a home, please give us a call at 909-255-1070. Mitchell Stein License# 0208163