Price is the sole determining factor of whether a home will sell. A home is worth what someone is willing to pay at a specific moment in time. There are many factors that we use to establish a price and we prepare a Comparative Market Analysis (CMA) which will give us a clear understanding of competing properties, market trends, and most importantly, recent sales. How does your asking price affect activity?
Supply and demand determine monetary value in the marketplace
Priced Above 12% of Market Value = Buyers ride by, no showings
Priced Between 6% - 12% of Market Value = Showings but no offers