Retail price is a key factor in the value of a home and we all know that buying a home can be an expensive proposition. It’s important to correctly establish the right asking price for your house so potential buyers will get an accurate understanding of what they’re buying. You can go here to read more.

Here are tips to determining the right price for your home:

  1. Consider the market

The sort of house you choose to buy will affect how the market reacts to it. If the buyer is looking for a typical two-bedroom, one-bathroom condominium, they’re not going to pay much attention to features like hardwood floors and walk-in closets. The same is true for a traditional four-bedroom house or an urban townhouse on tree-lined blocks.

  1. Don’t make outrageous claims

If you really want to attract potential buyers, try not to exaggerate the features of your home. Potential buyers will probably have an idea of what the market is and will quickly spot discrepancies between your claims and reality.

  1. Keep it simple

It’s best not to put too much emphasis on the ‘wants’ of the buyer, especially if you’re aiming towards a particular group or type of person or family. Keep your ad focused on highlighting the features and benefits of the house that make it a desirable purchase, rather than stressing how it can meet the needs of potential buyers.

Selling property

  1. Go in with a game plan

When you price your home, consider all the costs involved in selling. You should factor in things like the cost to sell your house, real-estate agents’ fees and other costly expenses like repairs before you decide on an asking price.

  1. Be flexible

Try to keep your asking price within a certain range. If you’re having trouble getting a buyer, consider lowering your price in an attempt to encourage more interest.

  1. Know what you can afford

You know what your house is worth and how it compares to other homes in the area. Your ‘selling point’ will be totally different than a seller’s. The only way to get a buyer is by demonstrating that you can afford the price.

  1. Consider the transfer taxes and real-estate agent commissions

You should list your home correctly with your real-estate agent because depending on where you sell, you may have to pay additional fees and taxes.