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Selling? Learn How You Should Set Your Price

Venessa Stratton

Venessa Stratton

License 10783478-SA00

Stratum Real Estate Group
365 South Main Street
Cedar City UT 84720
Cedar City, UT. 84720

The price is the first thing buyers notice about your property. If you set your price too high, the chance of alienating your 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 past 6 months.
  • 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 the selling price for all the 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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