The asking price is one of the most important factors for the success of a private property sale. Many owners commit grave mistakes because of their lack of knowledge. Here are some of the most common errors and the manner in which these affect the chances of committing a private property sale.

1. Property Pricing:
Major Mistakes to Avoid
The price is one of the most important
factors for the success of private
property sellers. What are the biggest
errors?

2. Allowing Emotions and Attachment to Affect
the Price of the Property
The price of real estate for sale by owner is
calculated on the basis of complex formula. Many
factors play a role but emotional attachment is not
one of them. Many private property sellers tend to
overprice the house due to their emotions and the
belief that it is worth more than its actual market
value.

3. Basing the Decision on the Amount You
Invested in the Property
The amount you invested in the house many years
ago cannot be used to determine its current price.
The market changes, it goes through highs and
lows. The price you paid for the house could be
lower or higher than its current market value. Forget
about using this number as the basis of your private
property sale price calculation.

4. No Professional Appraisal
A professional that deals with real estate valuations
will be capable of determining the price of your real
estate for sale by owner accurately. This is your
best opportunity to sell quickly. The asking price
can encourage or discourage buyers from
contacting you. This is why professional appraisals
are worth getting and using for the creation of your
marketing campaign.

5. Being Affected by Other Asking Prices
Many other property sellers could be basing the
price on the wrong criteria. Using other asking
prices as the basis of your decision is a rather bad
idea.
The only way to make sure you have the best price
is to work with a professional. Real estate ads
should be examined simply to figure out what
competition you are dealing with.

6. Thinking about the Price of Your New Home
You cannot think about the price of your new home
when determining the value of real estate for sale
by owner. These properties are entirely different
from each other and often, you will have to find
additional funding for the purchase of a new house.

7. Asking for What You Need, Not for What the
House is Worth
The house is worth a certain amount. Even if you
need more money, you will find yourself incapable
of justifying a higher asking price. A high price will
make it more difficult for you to sell and eventually,
you will find yourself forced to decrease the price.
Starting with an adequate amount will increase your
ability to sell quickly and get the most for your
house.

8. Do You Need Help?
Our media is dedicated to helping
private property and business sellers
accomplish their goals. Coming up with
a private property sale strategy can
be very difficult. Contact us today to
make the most of this opportunity!