Tuesday, February 12, 2008

Albuquerque Real Estate PEG YOUR HOME PRICE TO MARKET TRENDS The asking price for a home is exactly that -- an asking price. It is usually determined by sales prices of comparable homes in the community. Depending on whether your market is hot or not, the right price may be set higher or lower than the last sales price of a similar home in your community. It's usually wise to lead the market. If prices are dropping, get in front of that curve and price slightly lower than the last sales price so the home doesn't linger. Conversely, if prices are rising, it's often a good idea to set your home's price near the top compared with other similar homes that have sold in your area. The key is to price your home so that it compares favorably with other homes that buyers are considering. We can help you determine how your home compares with other similar homes that have sold recently in your area. In addition, we can keep you up to date about current home values and home-sale forecasts, so your home-pricing strategy is perfectly tuned to market realities.
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