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Pricing >Making Intelligent Pricing Decisions
Pricing your home is one of the most important decisions you must make when selling your property. Some sellers want to price their home based on the return they would like on their initial investment, while others will base the price on what they need to buy their new home. Location, condition, and accessibility are three other variables that will affect the price of a property.
It is crucial to price your home correctly from the beginning, because it may not sell if it is overpriced. Don't make the mistake of thinking that you can reduce the price later. By this time you will have already lost many potential buyers. The motivation of the seller is a very important factor affecting the pricing decision. The higher the seller's motivation, the lower the price, and low motivation usually means a higher price.
The state of your local real estate market is one of the strongest determining factors when pricing your home. A professional real estate agent will be able to guide you through the pricing pitfalls with a written market analysis that includes the selling prices for similar homes in your area.
Geoff Rowe Principle Broker Vienna Real Estate 262 M Cedar Lane, Suite #10 Vienna, VA 22180 Office: 703-242-1460 703-207-1080 Toll Free: 866-257-9299 Fax: 703-938-4674 Email: geoff@mris.com
Geoff is the Principal Broker and owner of Vienna Real Estate. He has been practicing real estate in the Vienna area of Western Fairfax County Virginia since 1993. Prior to opening his own firm he was a Sales Associate with Weichert, Realtors and was a Broker Associate with Re/Max Preferred Properties. Geoff thrives in the highly competitive real estate market of the Vienna area. His positive attitude, determination, and uncompromising loyalty to his clients are unmatched by his peers. Years of training as a Marine Officer and Hall of Fame record as a broker make Geoff the agent of choice in Vienna. As the owner of Vienna Real Estate, Geoff has the creative flexibility to compete with any firm, and has the advantage of specializing in the Vienna area. He is THE Vienna Specialist!
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