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Setting the Price

The price is the first thing buyers notice about your property. If you set your price too high, then the chance of alienating buyers is higher. You want your house to be taken seriously, and the asking price reflects how serious you are about selling your home.

Several factors will contribute to your final decision. First, you should compare your house to others that are in the market. If you use an agent, he/she will provide you with a CMA (Comparative Market Analysis). The CMA will reflect the following:

  • houses in your price range and area that were sold within the last half-year
  • asking and selling prices of houses
  • current inventory of houses on the market
  • features of each house on the market

From the CMA, you will learn the difference between the asking price and selling price for all homes sold, the condition of the market, and other houses comparable to yours.

Also, try to find out what types of houses are selling and see if it applies to your area. Buyers follow trends, and these trends can help you set your price.

Always be realistic. Understand and set your price to reflect the current market situation.

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Bernie Alvey
Senior Listing Agent
EXIT Landmark Realty

Direct: 301-752-7922
Office: (301)934-2022 x272

Email: bernie@alveyproperties.com

Bernie Alvey reviews
Bernie Alvey reviews

Testimonials Page

After listing my house I received a full price contract in 2 weeks - very happy! Bernie recommended a contractor for minor repairs found during the home inspection and repairs were made in a timely manner and to satisfaction of buyers. I couldn't be happier with the entire process. Settlement held in 45 days from list date and all parties were pleased and on their way. Great job! Coach Jim Donahue
Bernie is the best agent I have ever worked with. His knowledge and negotiation skills are impeccable. He was always alert, responsive and attentive for my needs. I have used him as a buyer and seller agent, he was great at both aspects. He even help me gain a a full price offer on my home, which was a profit from a home I owned for only 14 months. ***Highly Recommended*** Michael Paige
Bernie is that agent that you hear about but never seem to really find, EXCEPT I DID! He is current with technology and that is so important to finding a home, I used his website and was able to zero in on the 4 or 5 properties I wanted to see and he made the rest happen. He is also great at presenting the pros and cons of any property to help you keep your own excitement from carrying you away. His knowledge of the area was fantastic, and overall made our home buy experience, fast and even fun. Chet Rhodes
Bernie did a superb job of helping us find the right house in Dunkirk. After showing us a few properties, he knew what we were looking for and focused on that. We depended heavily on his experience and familiarity with local practices to guide us through the process. We were impressed with his knowledge of the local market. Once we found the house we wanted, he gave us good advice on negotiating a fair offer. Jack and Fran Shea
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