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Pricing >Making Intelligent Pricing Decisions

Pricing your home is one of the most important decisions you must make when selling your property. Some sellers want to price their home based on the return they would like on their initial investment, while others will base the price on what they need to buy their new home. Location, condition, and accessibility are three other variables that will affect the price of a property.

It is crucial to price your home correctly from the beginning, because it may not sell if it is overpriced. Don't make the mistake of thinking that you can reduce the price later. By this time you will have already lost many potential buyers. The motivation of the seller is a very important factor affecting the pricing decision. The higher the seller's motivation, the lower the price, and low motivation usually means a higher price.

The state of your local real estate market is one of the strongest determining factors when pricing your home. A professional real estate agent will be able to guide you through the pricing pitfalls with a written market analysis that includes the selling prices for similar homes in your area.

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Q	What is the average price for a home in the United States?
A	According to recent data published by the NAR, the national median price for existing single-family homes is now $230,000.
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Mary O'Connor, REALTORŽ, real estate agent and broker for Lincoln City, Newport, and Toledo Oregon home listings, property and land for sale - NUMBER1EXPERT(tm)

Mary O'Connor
Coldwell Banker Gesik Realty, Inc.
1815 NW HWY 101
LINCOLN CITY, OR. 97367
541-994-7760
800-959-7760
541-921-0832
Fax: 541-994-9582
Email: maryohomes@NUMBER1EXPERT.com
I have been selling Real Estate in Lincoln County since 1992. The opportunity to meet new people and to make so many new friends has been the absolute best part of my job. Let me put my many years of expertise and knowledge to work for you! Mary O'Connor

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