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Real Estate Tips
Pricing >Competitive Pricing

You have seen it all over the years--interest rates rise and fall, sales prices escalate and decline. No matter what phase the market is in, it is always important to price your home in your area competitively. How can you price your home with confidence?

The first step is to contact a professional real estate agent for a comparative market analysis. The agent will look at recent sales of comparable homes in your area and give you information about other properties that are currently on the market. By comparing the size, location and condition of your home to the competition, your agent can help you determine how much to ask for your home. Even in an active market, an inflated price may frighten prospective buyers away. A house that is over-priced can take additional weeks or months to sell, and the final sale price may even be lower than if the sellers had started out more realistically. The price is based on market conditions, comparable sales, and your agents years of experience in the marketplace.

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Real Estate Trivia
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What are considered the ideal conditions for a buyer's market?

A 
In a buyer's market, there are more houses for sale than buyers, homes take longer to sell, and sellers may have to cut prices.
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Nicholas Tselepis, REALTOR®, real estate agent and broker for Clifton, Passaic and Paterson, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Nicholas Tselepis
Nicholas Real Estate

1624 Main Ave
Clifton, NJ. 07013
Phone: 973-340-1202
Cell: 973-725-3778
Fax: 973-340-9482
Email: Nick@NicholasRealEstate.com


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