How to price a London Ontario condominium for sale on MLS, or a house or any other type of real estate? I won’t go into the debate about “free advice,” you know, your hairdresser, co-worker, Uncle Ted who knows everything about everything, your financial advisor, or the “Free Market Evaluation” postcard or online generalities.
Below are a few things you may want to give considerable thought to when selling a house or a condominium in London Ontario:
- Not choosing the right price when a property is first listed. In other words, thinking “We can always come down.”
- Put your property for sale at a realistic price. A property must be priced on a comparative basis to the other features which are similar. (I should add, everyone thinks their home is different, but buyers and their Realtor do not think so.)
- Relate the time to sell to your price. Generally, the quicker you want to sell, the less you should be willing to take.
- Calculating brokerage fees on top of the sales price. A home is worth what it is worth, with or without a commission.
- Thinking that buyers aren’t comparing your home, on a dollar-for-dollar basis, with every other house on the market
- Do not add up all your credit card debt, car loans, a line of credit, mortgage, that one-month luxury cruise and then $20,000 just for the heck of it, and that is the price! Think I am joking? I was on a listing presentation, and the price they wanted was to be able to do the above.
I did not take the listing because they wanted $66,000 above the present market prices. In the end, they went through 3 Realtors and ten months and got $81,000 less than their original asking price!