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How is asking price determined? |
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Set the right price for your property to ensure it sells
Asking price is set using a CMA or Comparable Market Analysis. This method uses location, recent sales for comparable homes, quantity and quality of properties both currently on the market and sold, and even listings that have expired, to determine a reasonable price.
Similar homes sold recently tell what buyers are willing to pay for a home like yours in this area at this time. The expired listings represent the problems of over pricing. The desired result is to find a price that will attract a qualified buyer in a reasonable amount of time. |
